Private Equity PE-VC Fund Investments
Metal procurement platform Enlight raises $1.5 M from Exar North Group
Source Enlight Metals (opens in a new tab)Entrackr (opens in a new tab)
Pune-based metal procurement platform Enlight Metals has raised USD 1.5 million in a funding round from US-based investment firm Exar North Group at a valuation of USD 10 million.Founded in 2024, Enlight Metals currently operates facilities in Pune, Mumbai, and Raipur and intends to scale its presence to Ahmedabad and Indore.The company plans to use the new funds to further develop its AI-enabled procurement capabilities, strengthen its technology infrastructure, and expand its operations across the metal procurement ecosystem.