PE Fund Investments
Iron & steel procurement platform Metalbook raises $5-M from Axilor, Fundamental, others
Metalbook, a Delhi-based digital supply chain platform for the iron & steel industry, has raised USD 5 million led by Axilor Ventures. The seed round also saw participation from Foundamental, RTP Global, Stride Ventures and a few angel investors. Co-founded by Pulkit Baldev (who earlier worked with B2B unicorn OfBusiness) and others, Metalbook offers a cloud manufacturing platform and SaaS-enabled marketplace to digitise metal supply chain globally. It claims to collaborate with over 500 worldwide iron & steel manufacturers, distributors, and suppliers along the value chain and intends to extend into other metal categories such as aluminium and zinc. The funds will be used to expand to 12 additional regions, expand the workforce, improve the cloud factory platform, and fortify its global network of processing facilities.
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