- Indian B2B startup Metalbook raised $15M in Series A funding.
- The round comes after $5M in seed funding in 2022 for the firm.
- Metalbook aims to hit $200M in revenue by 2024 on its mission to bring India’s metals industry online.
$15 million in Series A funding to accelerate growth
Metalbook, an India-based B2B e-commerce startup focused on metal supply chains, recently closed a $15 million Series A funding round as it eyes $200 million in revenue by 2024.
The round was led by Rigel Capital, with participation from existing investors Axilor Ventures, FJ Labs, and Stride Ventures.
Founded in 2021 by Raghavendra Pratap Singh, Pulkit Baldev, and Aman Tibrewal, Metalbook operates a full-stack digital platform that connects metal suppliers and buyers globally.
1,000+ customers
The startup covers the entire metal manufacturing and procurement lifecycle, including buying, selling, customization, logistics, scrap recycling, and financing.
Metalbook already serves over 1,000 customers across 450 markets and has added new metal categories like copper, aluminum, and scrap to its offerings.
The latest funding comes on the heels of $5 million in seed funding Metalbook raised in mid-2022. Despite difficult macroeconomic conditions, the firm says it is already profitable.
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Aims for $200 million revenue
“We want to make sure there is enough of a track record for market investors before we plan for an IPO in four to five years,” said Singh.
As one of the first startups working to bring India’s traditional metals industry online, Metalbook aims to leverage its new capital injection to continue digitizing supply chains.
The funding will likely aid the company’s ambitious goal of hitting $200 million in revenue by the end of fiscal 2024.
