Debt financing
Metal supply chain platform Metalbook raises Rs.25-Cr from Northern Arc
Delhi-based metal supply chain platform Metalbook has raised INR 25 crore or (about USD 3 million) from Northern Arc by issuing 250 non-convertible debentures (NCDs) at a face value of INR 10,00,000 each.Founded in 2021, Metalbook helps businesses including SMEs (small and medium businesses) with procurement, inventory liquidation, logistics, and credit. It claims to work with over 500 manufacturers, dealers and suppliers such as ArcelorMittal Nippon Steel, Tata Steel and JSW across 16 countries.
Between Mar-22 and Feb-24, Metalbook had raised over USD 30 M from RTP Global, Trifecta Capital, Axilor Ventures, FJ Labs, Stride Ventures, Foundamental and Rigel Capital.
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