Enlight Metals raises $1.5M to scale AI metal procurement
What's the deal? Enlight MetalsDealroom has a profile for this one. Try Dealroom →, a New Delhi-based metal procurement platform, has raised $1.5 million in an early-stage round from US investment firm Exar North Group at a $10 million valuation. The company will use the capital to develop its AI-enabled procurement platform, strengthen its technology infrastructure, and expand operations.
What does it do? Enlight Metals merges steel sourcing and distribution with technology. It says its AI platform has cut end-to-end transaction times by 75%, inventory costs by 30%, and operational overheads by 60%. Supplier matching, it claims, now takes under three minutes, down from five to seven hours.
Where is it expanding? The company operates facilities in Pune, Mumbai, and Raipur, with plans to enter Ahmedabad and Indore. It intends to open new dark stores while focusing on customer acquisition and geographic growth.
What's the endgame? Enlight Metals has set a revenue target of about US$163M for the coming financial year, which it plans to reach through expansion and wider use of AI across procurement and operations. It says the Exar North partnership will provide capital, technology, and operational support as it scales.
The signal: The round reflects growing investor interest in applying agentic AI to traditional, fragmented industries like metals sourcing, where efficiency gains in matching and logistics can translate directly into cost savings.
Read more: startupsuperb.com
Image credit: photohome_uk
