There are B2B ecommerce companies that are doing well and others that are not. The global metal supply chain is the focus of India-based B2B platform Metalbook, which stated that by the end of the 2024 fiscal year, it hopes to achieve an annualized revenue run rate of US $200 million.
Having raised $15 million in a series A round led by Rigel Capital, the 2021-founded startup has now secured funding. Participating were FJ Labs as well as current backers Stride Ventures and Axilor Ventures, among others.
Metalbook assists clients throughout the whole process of manufacturing and obtaining metal. This covers everything, including financing, logistics, scrap recycling, customisation, and buying and selling.
Aman Tibrewal, Pulkit Baldev, and Raghavendra Pratap Singh co-founded the business with the goal of building a full-stack digital supply chain platform that would link a global network of metal suppliers and buyers.
The business said it is profitable and serves more than 1,000 clients in 450 markets. To its already-existing offerings, it has added new categories like copper, aluminium, and metal scrap.
“We want to make sure that there is enough of a track record for market investors to look at before we plan for an IPO in four to five years,” Singh said.
In mid-2022, it had previously obtained seed funding totalling US $5 million.
