SaaS Platform Metalbook Secures $5 Mn To Help Businesses Enhance Metal Procurement Experience
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Metalbook?, a Metal industry-focused SaaS startup has raised $5 Mn in its seed funding round led by Axilor Ventures. Along with other angel investors, Foundamental, RTP Global, Stride Ventures, and others took part in the investment round. The funds will be used to broaden the company's geographic reach, build its network of processing facilities, hire more people, and improve its platform.
The estimated $6.79 billion metal sector in India is highly unorganised. Due to a lack of digitalisation, emails or WhatsApp are used for the majority of business transactions. According to Pulkit Baldev, the creator of Metalbook, "the clients are also totally dependent on the transparency that is supplied by suppliers while acquiring metals."
Baldev, Aman Tibrewal, and Raghavendra Pratap Singh founded Metalbook in 2021 to facilitate digitization and transparency in the nation's metal business. The start-up links clients and suppliers in the metal sector. Additionally, it makes the process of purchasing metal for clients more seamless.
According to Baldev, "Right from providing the raw materials to the customer's processing capabilities, MetalBook is offering premium procurement experiences. When a customer places an order for raw materials, we deliver the ordered item to his door within the predetermined time frame.�
In essence, Metalbook integrates every step of the supply chain, from producing the raw materials to sending them to customers. According to Metalbook, its services are available all across the world, including in Bangladesh, India, Bhutan, and Nepal.
