Enlight Metals Private Limited | $1.5M (Investment)

Founders: Dhananjay Goel, Vedant Goel

Founded: 2024 (Pune)

HQ: New Delhi

Sector: Industrial B2B / AI-Led Procurement

What they do

→ Agentic AI-enabled metal procurement platform combining steel sourcing and distribution with tech

→ Simplifies procurement, improves supplier matching, and cuts operational costs

→ Cut end-to-end transaction time by 75%, inventory costs by 30%, and overhead by 60%

→ Supplier matching time fell from 5–7 hours to under 3 minutes

→ Serves 500+ SMEs across solar, wind, cable, warehousing, infrastructure, and government projects

The Funding

→ Raised $1.5M from Exar North Group Inc., a US investment firm based in Princeton, NJ

→ Values Enlight Metals at $10M

Why it matters

→ India's metal supply chain is still riddled with manual processes, opaque pricing, and poor traceability

→ Targeting ~₹1,200 Cr in revenue next financial year, a major scale-up bet

→ Currently operates in Pune, Mumbai, and Raipur, expanding next to Ahmedabad and Indore

→ Marks a US investor backing an India-specific B2B industrial supply chain problem

Can AI actually fix an industry as fragmented and relationship-driven as metal trading?