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§ Private Profile · Gurgaon, 122001, IN
Metalbook is a technology company.
Metalbook operates as a full-stack digital supply-chain platform for the metal industry. The company integrates various aspects of the metal ecosystem, providing a unified network for sourcing finished and recycled goods, facilitating fabricated products, and offering comprehensive financing and logistics solutions. Its technical approach leverages digital tools to enhance efficiency across the supply chain, from procurement to delivery.
Founded in December 2020 by Raghavendra Pratap Singh, Aman Tibrewal, and Pulkit Baldev, Metalbook emerged from an understanding of the complexities within the traditional metal supply chain. The co-founders identified a need for a streamlined, technology-driven approach to connect stakeholders, simplify transactions, and introduce greater transparency and efficiency into the industry.
Metalbook serves a diverse clientele of small and medium-sized enterprises and larger corporations across various sectors, including aerospace, construction, and automotive. The company's mission is to become the foremost provider of digital solutions for the metal supply chain, driving innovation and promoting sustainable practices, ultimately aiming to build a more robust and sustainable global metal industry.
Metalbook has raised $23.0M across 3 funding rounds.
Metalbook has raised $23.0M in total across 3 funding rounds.
Metalbook has raised $23.0M across 3 funding rounds. Most recently, it raised $3.0M Debt in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 8, 2024 | $3M Debt Financing | Manoj Kumar, Northern ARC | — | Announced |
| Feb 16, 2024 | $15M Series A | Rigel Capital | Aalap Mahadevia, Kabir Narang, Nikhil Mohta, Nandan Venkatachalam, FJ Labs, Stride Ventures | Announced |
| Aug 1, 2022 | $5M Seed | Axilor Ventures | Foundamental, MDI Ventures, RTP Global, Stride Ventures | Announced |
Metalbook has raised $23.0M in total across 3 funding rounds.
Metalbook's investors include Manoj Kumar, Northern Arc, Rigel Capital, Aalap Mahadevia, Kabir Narang, Nikhil Mohta, Nandan Venkatachalam, FJ Labs, Stride Ventures, 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].