Metalbook Raises $5M Seed Funding to Transform the Metal Industry

Metalbook, a digital supply chain platform for the metals industry, has raised $5 million in seed round of funding led by Axilor Ventures. The round also saw participation from Foundamental, RTP Global, Stride Ventures and a few angel investors.

With this funding, the Delhi-based business will expand to 12 additional regions after receiving its exports licence. It also intends to use the funds to expand the workforce, improve the cloud factory platform, and fortify its global network of processing facilities.

Metalbook co-founder Pulkit Baldev stated, “We are here to give the consumer a premium purchasing experience in the most traditional industry with low tech penetration. India is currently the world’s second-largest producer of steel, and Metalbook seeks to increase the global accessibility of Indian steel products.

Axilor Ventures Principal Nandan Venkatachalam stated that “verticalized full-stack platforms are essential for modern global supply chains. The iron and steel sector is benefiting from decentralised global supply and demand thanks to Metalbook’s platform. India is the world’s second-largest producer of steel, making it a strong supply base from which to launch the company’s international activities. Our investment was determined by the opportunity and the Metalbook team’s excellent domain expertise in the area.

According to the company, it collaborates with over 500 worldwide metal manufacturers, distributors, and suppliers along the value chain. Metalbook intends to extend into other metal categories such as aluminium, zinc, and so on.

About Metalbook

Pulkit Baldev, Aman Tibrewal, and Raghavendra Pratap Singh are the co-founders of Metalbook. Founded in 2021, Metalbook’s cloud manufacturing platform and SaaS-enabled marketplace promise to digitise the world’s metal supply chain.

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Frequently asked questions

Metalbook raised $5 million in a seed funding round led by Axilor Ventures, with participation from Foundamental, RTP Global, Stride Ventures, and a few angel investors. The primary purpose of this funding is to support Metalbook's expansion into 12 additional regions after securing its exports license. The funds will also be used to grow the company’s workforce, enhance its cloud factory platform, and strengthen its global network of processing facilities. This strategic expansion aims to make Indian steel products more accessible on the global market and improve the overall purchasing experience in the traditionally low-tech metals industry.

Metalbook intends to use the funding to improve its cloud factory platform, which is central to its mission of digitizing the global metal supply chain. By enhancing this platform, the company aims to offer a more seamless and efficient experience for its users, which includes over 500 global metal manufacturers, distributors, and suppliers. Additionally, Metalbook plans to leverage this funding to expand its global operations, particularly by entering new metal categories like aluminum and zinc. This expansion will allow the company to diversify its offerings and further establish itself as a key player in the global metals market.

Metalbook stands out in the global metals industry due to its innovative approach to digitizing a traditionally low-tech sector. As India is the world's second-largest producer of steel, Metalbook leverages this strong supply base to enhance the global reach of Indian steel products. The platform’s verticalized full-stack model enables decentralized global supply and demand management, providing a comprehensive solution for modern supply chains.

About Metalbook

What is the purpose of the recent $5 million seed funding raised by Metalbook?

How does Metalbook plan to utilize the funding for its platform and global operations?

What makes Metalbook a significant player in the global metals industry?

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