Enlight Metals, a New Delhi based metal procurement platform, has raised $1.5 million in a fresh funding round from United States based investment firm Exar North Group. The investment places the company's valuation at $10 million and highlights growing support for artificial intelligence led solutions in industrial procurement. Enlight Metals plans to use the new capital to accelerate platform development and expand its operational presence across key markets in India.
Funding Details and Strategic Valuation
The round was led by Exar North Group, a United States headquartered investment firm that focuses on strategic growth opportunities. Enlight Metals secured the capital at a valuation of $10 million, reflecting confidence in its technology driven business model. The company said the funds will be deployed primarily to strengthen its Agentic AI enabled procurement platform and upgrade its technology infrastructure.
Technology Driven Efficiency Gains
Enlight Metals applies artificial intelligence to modernize traditional sourcing and distribution practices in the metals industry. The company reports that its platform has reduced end to end transaction processing time by 75 percent and lowered inventory costs by 30 percent. Operational overhead has decreased by 60 percent, demonstrating the platform's ability to deliver measurable cost and time savings.
Faster Supplier Matching and Workflow Impact
One of the platform's most significant improvements is the acceleration of supplier matching from five to seven hours to less than three minutes. This change allows procurement teams to make faster decisions and reduces friction in the sourcing process. Enlight Metals positions this capability as a core advantage for buyers and suppliers operating in a competitive metal supply chain.
Expansion Plans and Infrastructure Development
Enlight Metals currently operates facilities in Pune, Mumbai, and Raipur, three important industrial centers for metal trade. The company plans to extend its footprint to Ahmedabad and Indore as part of its next growth phase. It will also add new dark stores to support inventory management, improve fulfillment efficiency, and strengthen its distribution network.
Customer Acquisition and Geographic Growth
Alongside physical expansion, Enlight Metals will focus on customer acquisition and deeper penetration into new regional markets. The addition of dark stores is expected to bring procurement services closer to customers and reduce delivery delays. These measures are designed to help the company build a more responsive and reliable metal procurement ecosystem.
Revenue Ambitions and Market Strategy
Enlight Metals is targeting approximately Rs 1,200 crore in revenue for the next financial year. The company expects to achieve this target through geographic expansion, stronger customer acquisition, and broader adoption of artificial intelligence across procurement and operations. The fresh funding is intended to provide the financial resources needed to pursue these ambitious commercial goals.
Strategic Partnership and Long Term Vision
Founded to combine steel sourcing and distribution with digital technology, Enlight Metals views the partnership with Exar North Group as more than a capital infusion. The collaboration is expected to provide technology support and operational guidance as the company scales. Enlight Metals will continue to advance its Agentic AI capabilities and expand its technology platform across the metal procurement ecosystem.
The $1.5 million investment from Exar North Group marks an important milestone for Enlight Metals as it grows with a valuation of $10 million. With plans to enter Ahmedabad and Indore, add dark stores, and deepen customer acquisition, the company is building a foundation for sustained expansion. Its revenue target of Rs 1,200 crore reflects the scale of ambition and the confidence placed in its AI driven procurement model.