Metalbook is a technology company.
Metalbook has raised $5.0M across 1 funding round.
Metalbook has raised $5.0M in total across 1 funding round.
Metalbook has raised $5.0M in total across 1 funding round.
Metalbook's investors include Axilor Ventures, Foundamental, MDI Ventures.
Metalbook is a Gurugram-based technology company that operates a full-stack digital platform revolutionizing the metals supply chain, particularly for iron, steel, and non-ferrous metals like aluminum and copper[1][2][3][5]. It connects over 1,500 suppliers and 500 manufacturers across 16 countries, offering services from procurement and e-auctions to cloud manufacturing, fabrication, financing, quality control, logistics, and recycling, serving industries such as construction, renewable energy, automotive, defense, and EVs[2][3][5]. The platform solves key pain points like opaque pricing, quality inconsistencies, delayed deliveries, and financing hurdles by providing transparency, competitive pricing, customization, and end-to-end efficiency, with strong growth including 205% CAGR from FY22-24, $190M ARR by March 2024, and 350k+ MT delivered to 2,500+ SMEs and enterprises[1][3][5].
Metalbook was incorporated in December 2020 by co-founders Aman Tibrewal, Pulkit Baldev, and Raghavendra Pratap Singh (RP Singh) in Gurugram, India, after they identified inefficiencies in traditional steel procurement, such as unreliable quality, high prices, and poor service[1][3]. Drawing from industry insights, they built a digital marketplace starting with advance and credit-based orders via NBFCs and distributors, quickly gaining traction[1]. Key milestones include achieving $23M ARR by March 2022, launching Cloud Factory and recycling in October 2022, raising a Series A in June 2023 (part of $23M total funding), expanding to non-ferrous metals in December 2023, and hitting $190M ARR by March 2024 alongside MbookPlus launch in May 2024[3][4].
Metalbook rides the wave of digital transformation in B2B industrial supply chains, particularly metals, amid global pushes for supply chain resilience, sustainability, and Industry 4.0 adoption[1][2][3]. Timing aligns with post-pandemic disruptions, rising demand from EVs, renewables, and infrastructure (e.g., solar, defense), where traditional models falter on efficiency and traceability—Metalbook's tech stack optimizes this via automation and networks[5]. Market forces like volatile raw material prices, ESG mandates for recycling, and India's manufacturing boom (e.g., PLI schemes) favor its model, influencing the ecosystem by onboarding SMEs, fostering 2500+ businesses, and setting standards for transparent, financed metal trading in emerging markets[3][4][5].
Metalbook's trajectory positions it for explosive growth, targeting $200M+ ARR and Rs 1,000 crore revenue milestones while expanding non-ferrous, recycling, and global reach[1][4]. Trends like AI-driven supply chains, green metals for net-zero goals, and EV/infra booms will propel it, potentially evolving into a dominant platform influencing metal industry digitization and sustainability. As a vertically integrated disruptor from 2020 origins, Metalbook exemplifies how targeted tech solves entrenched B2B frictions, uniting stakeholders for a more efficient metals future[3][5].
Metalbook has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in August 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2022 | $5.0M Seed | Axilor Ventures, Foundamental, MDI Ventures |