Funding round · Industrial tech
Enlight Metals raises $1.5m from Exar North Group at $10m valuation
The metal-procurement company plans to expand operations and develop its AI-enabled sourcing platform.
Software development alongside geographic expansion
Exar North Group invested $1.5 million in Enlight Metals at a reported $10 million valuation. The new capital will support technology infrastructure and development of the company’s AI-enabled procurement platform.
Enlight operates facilities in Pune, Mumbai and Raipur and plans to expand into Ahmedabad and Indore. Its product development targets the sourcing and matching work that connects industrial metal buyers with suppliers.
Use of funds
Develop the Agentic AI-enabled procurement platform
Strengthen technology infrastructure
Expand operations across the metal procurement ecosystem
Customer acquisition and geographic expansion
Funding history
Funding round · This round$1.5M