India / Funding
Enlight Metals raises $1.5 Mn at $10 Mn valuation from Exar North Group
5 million from US-based investment firm Exar North Group at a valuation of $10 million. The proceeds will be used to develop its Agentic AI-enabled procurement platform, strengthen technology infrastructure and expand its operations across the metal procurement ecosystem.
Published · significance 46 of 100 (low) · 1 source
What happened
New Delhi-based metal procurement platform Enlight Metals has raised $1.5 million from US-based investment firm Exar North Group at a valuation of $10 million. The proceeds will be used to develop its Agentic AI-enabled procurement platform, strengthen technology infrastructure and expand its operations across the metal procurement ecosystem. Enlight Metals claims its AI-led platform has reduced end-to-end transaction processing time by 75%, inventory costs by 30% and operational overhead by 60%. It has also reduced supplier matching time from 5 7 hours to less than three minutes. The company…
Sources
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