Achiever's Success Story
Metalbook: A secure online marketplace for metals
India’s metal industry is primarily unorganized, and India’s crude steel production stood at 71.3 MT in FY23 (until October 2022). With rising construction activities, the steel industry has significant growth potential, urging it to achieve the target of 300 million tonnes by 2030. Due to the lack of digitization, most transactions are through emails or WhatsApp, and the customer’s order visibility is highly dependent on the level of transparency the supplier provides. To enable digitization and bring clarity, Pulkit Baldev, Aman Tibrewal, and Raghavendra Pratap Singh started the company Metalbook in 2020. Having a concept of providing a platform that connects suppliers and customers from the metal industry under one roof and experiences a smooth metal procurement process.
Metalbook has a network of over 750+ global metal manufacturers, dealers, suppliers, and customers, including ArcelorMittal, Tata Steel, JSW, EU Metals, JSPL, Bygging, DLF, & BL Kashyap, among others. The platform has been designed with modern business in mind. It is easy to use and provides a one-stop solution for all your procurement needs. Whether you want to buy or sell materials, the platform makes it simple and efficient to get the job done.
The platform offers several benefits including:
- A secure online marketplace that connects buyers and sellers of metals from around the world
- Real-time pricing information for all metals on the Metalbook platform
- A transparent bidding system that allows buyers/sellers to get the best price
- Easy access to credit facilities from top lenders worldwide
Metalbook reached a gross merchandise value of ₹100 crore in its first year of operations and ended with ₹800 crores. In March 2022, the company raised $1.1 million (₹8.8 crores) in a seed round from Axilor Ventures and has since raised an additional $1.7 million.