Metalbook operates a full-stack platform for the metal supply chain, offering services such as credit, logistics, inventory liquidation, and procurement to businesses including SMEs. The company says it works across 16 countries with more than 500 suppliers, dealers, and manufacturers, including ArcelorMittal Nippon Steel, Tata Steel, and JSW. Metalbook was founded in 2021 and is headquartered in Delhi. It completed a $15 million Series A in February 2024 led by Rigel Capital and had earlier raised a $5 million seed round led by Axilor. In FY22 the company reported operating revenue of Rs 85.39 crore and losses of Rs 25.90 crore. Metalbook stated an aim to reach an annualized revenue run rate of $200 million by the end of FY24. Metalbook is an India-based B2B platform focused on the global metal supply chain, connecting a network of metal suppliers and buyers. It offers a full-stack digital supply-chain solution covering manufacturing and procurement of metal, including financing, logistics, scrap recycling, customization, and buying and selling. The company has expanded its product categories to include copper, aluminium, and metal scrap. Metalbook said it is profitable and currently serves more than 1,000 clients across 450 markets. The startup aims to reach an annualized revenue run rate of $200 million by the end of the 2024 fiscal year. Leadership has expressed plans to consider an IPO in four to five years once there is sufficient market track record for investors. Metalbook is a full-stack digital supply-chain platform that connects a global network of metal suppliers and consumers, offering procurement, fabrication, and customization for finished and semi-finished metal goods. The platform facilitates transactions, smart matchmaking, automation of manual tasks, and provides traceability while aiming for competitive pricing and on-time delivery. Today the company focuses on steel and plans to add other metal categories such as aluminum and zinc. Metalbook generated annualized revenue of more than INR 100 Cr in fiscal 2021-22 and targets an annualized run rate of over $100 million by fiscal 2024. The startup intends to use new funding to expand its geographical footprint, strengthen its network of processing centers, grow its workforce, and further develop its platform. The company was founded in 2021 and operates as Mbook Technology Private Limited.

Total raised

$23M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Apr 2024