Digital supply chain platform Metalbook has raised $5 million in seed funding led by Axilor Ventures. Other investors such as Foundamental, RTP Global, and Stride Ventures, along with a few angel investors also participated in this round.

According to Metalbook, the raised funds will be deployed towards expanding India-made steel products across the globe, strengthening its global network of processing centres, and enhancing its cloud factory platform.

Founded in 2021, Metalbook is a digital supply chain platform that provides custom processing solutions to customers through its network of cloud-based processing centres.

The Delhi- based startup claims to work with over 500 global metal manufacturers, dealers and suppliers across the value chain and currently caters to more than 350 customers. The company works with global steel players such as ArcelorMittal Nippon Steel, Tata Steel, JSW, EU Metals, JSPL et al and several enterprise customers such as DLF, BL Kashyap, Bygging, etc.

Metalbook says it currently caters to the $3 trillion global iron and steel market and has plans to expand to other metal categories such as Aluminium, Zinc, and others. The company is currently doubling Q-o-Q profitability and aims to reach over $100 million run rate by FY24.

Last month, Axilor Ventures announced its plan to launch its second fund worth $100 million to back early-stage startups.

Metalbook seems to be a captivating startup with inspiring new development on fabricated metal products platform. Sending my best wishes for your business. I hope this startup gets you and your team a lot of success and fortune.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.