Full-stack Digital Supply-Chain platform which provides the best fabrication & Inventory holding services in the market, Metalbook has secured $15 Million in a Series A funding round led by Rigel Capital, and other investors included from FJ Labs, Axilor Ventures, Foundamental, Stride Ventures, Trifecta Capital and others.
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The Metalbook plans to use the funding to expand its global network of processing centers, upgrade its technology infrastructure, and enter new sectors.
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Nandan Venkatachalam, Principal at Axilor Ventures, that led the company’s seed round in 2022 commented, “Metalbook has demonstrated strong, capital efficient execution and ability to expand into new verticals. They have emerged into one of the fastest growing marketplace businesses in the world. We are glad to double down on this round as they continue to build out their global footprint and add new business verticals.
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Speaking on the announcement, Raghavendra Pratap Singh, Co-founder, Metalbook said, “Our expanded global footprint and entry into new metal categories exemplifies our commitment to serving a diverse range of industries. As we look to the future, we feel that our solid foundation of integrity, innovation, customer centric approach and sustainability will enable us to achieve growth and profitability at scale. We want to make sure that there is enough of a track record for market investors to look at before we plan for an Initial Public Offer (IPO) in 4-5 years.’’
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About Metalbook
Founded in 2021 by Aman Tibrewal, Pulkit Baldev, and Raghavendra Pratap Singh, As a full-stack digital supply-chain platform, Metalbook seamlessly connect a global network of metal suppliers and consumers, offering the best market prices. Providing fabrication and customization services at unmatched rates for finished and semi-finished metal goods, Metalbook aims to bridge the gap between offline players.
It’s commitment lies in establishing a universal marketplace that thrives on quick, transparent transactions and hassle-free logistics, providing end-to-end procurement solutions for our customers.
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