Metalbook Secures $15 Million in Series A Funding Round


Metalbook, a pioneering platform catering to the global metals supply chain, has successfully raised $15 million in its Series A financing round. 


The investment was led by Rigel Capital, with substantial participation from FJ Labs, alongside existing investors including Axilor Ventures, Foundamental, Stride Ventures, Trifecta Capital, among others.


This funding milestone follows Axilor Ventures‘ leadership in a $5 million seed round for Metalbook in August of the preceding year.


According to a statement released by the company, Metalbook is primed to enhance its impact on manufacturing and infrastructure supply chains significantly. The platform is dedicated to revolutionizing various facets of the metal industry, including sourcing, logistics, and financing solutions for large-scale global projects.


Established in 2021, Metalbook offers enterprise and SME customers comprehensive support throughout the metal manufacturing and procurement cycle. This encompasses various services such as purchasing, selling, excess inventory liquidation, customization, logistics, financing, e-auctioning, scrap recycling, and credit and project management solutions.


Raghavendra Pratap Singh, one of Metalbook’s co-founders, shared the company’s strategic vision, emphasizing, “Our priority is to establish a robust track record that potential market investors can evaluate before we consider pursuing an Initial Public Offering (IPO) within the next 4-5 years.”


Headquartered in Delhi, Metalbook boasts collaborations with over 500 global metal manufacturers, dealers, and suppliers across the value chain, currently serving a clientele exceeding 1,000 customers.


The platform’s partnerships extend to leading steel players such as ArcelorMittal Nippon Steel, Tata Steel, JSW, EU Metals, and JSPL, among others, as well as prominent enterprise clients including DLF, BL Kashyap, Bygging, and more.


In recent developments, Metalbook has expanded its service offerings to encompass new categories such as Copper, Aluminium, and metal scrap. Additionally, the platform has established a global presence through the establishment of processing centres and a network of over 1,000 suppliers spanning 80 geographies.


With a remarkable growth trajectory, Metalbook anticipates achieving an annualized revenue run rate of $200 million by the conclusion of FY24, marking a substantial increase of over 15 times within the past two years.