Enlight Metals Raises $1.5 Million from Exar North Group

What is Enlight Metals?

Enlight Metals is a metal procurement platform that combines steel sourcing and distribution with Agentic AI technology. Its platform aims to make the procurement process simpler, improve supplier matching and help businesses reduce operational costs.

According to the company, its technology has reduced end-to-end transaction processing time by 75%, while inventory costs have fallen by 30% and operational overhead by 60%. The company has also reduced supplier matching time from five to seven hours to less than three minutes.

Funding Details

Enlight Metals raised $1.5 million from Exar North Group, a US-based investment firm headquartered in Princeton, New Jersey. The investment puts the company's valuation at $10 million.

The fresh capital will support the development of its Agentic AI platform and technology infrastructure. It will also help the company expand its procurement capabilities and scale its operations.

How Will Enlight Metals Use the Funding?

Enlight Metals plans to use the funding for customer acquisition and geographic expansion. The company will also launch new dark stores and continue developing its Agentic AI capabilities.

At present, Enlight Metals operates facilities in Pune, Mumbai and Raipur. It plans to expand into Ahmedabad and Indore as part of its geographic growth.

Company Background

Enlight Metals was established with a focus on combining metal sourcing and distribution with technology. The company is led by Vedant Goel, Director.

Its platform uses AI across procurement and operational processes. Following the latest investment, Enlight Metals is targeting approximately ₹1,200 crore in revenue in the next financial year, supported by business expansion and greater use of AI across its operations.

Market and Business Growth

Enlight Metals is expanding its procurement operations across different Indian markets. The company currently has facilities in Pune, Mumbai and Raipur with Ahmedabad and Indore planned as its next markets.

Alongside geographic expansion, the company is focusing on increasing the use of Agentic AI across its procurement and operational processes.

What Happens Next?

Enlight Metals plans to expand into Ahmedabad and Indore and launch new dark stores as it grows its procurement network. The company will also continue investing in its Agentic AI platform while focusing on customer acquisition and expanding its operations.

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