Full-stack metal supply chain startup Metalbook raises Rs 25Cr from Northern Arc: Report

Delhi-based full-stack metal supply chain platform Metalbook has reportedly Rs 25 crore (approximately $3 million) from Northern Arc, a Chennai-based RBI-registered debt financing firm. 

In late January 2024, The firm partnered with Karnataka Bank to offer customer-centric financial solutions to retail borrowers.

MetalBook's funding comes a month after it raised $15 million in a Series A funding led by Rigel Capital, with participation from Stride Ventures, Foundamental, FJ Labs, Axilor Ventures, and Trifecta Capital Advisors.

What does Metalbook do?

Founded in 2021, Metalbook helps enterprise & SME customers through their entire metal manufacturing & procurement cycle, including buying, selling, excess inventory liquidation, customization, logistics, financing, e-auctioning, scrap recycling, credit & project management solutions.

Pulkit Baldev, Aman Tibrewal and Raghavendra Pratap Singh are the founders of the Metalbook.

Metalbook's market presence 

The startup earlier said that it has a collaborative network of over 500 manufacturers, dealers, and suppliers across 16 countries, featuring industry giants like ArcelorMittal Nippon Steel, Tata Steel, and JSW.