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Metalbook raises Rs 25 Cr debt from Northern Arc

EntrackrEntrackr · 1y ago
Metalbook raises Rs 25 Cr debt from Northern Arc
Medial

Full-stack metal supply-chain platform Metalbook has raised Rs 25 crore or (approximately $3 million) from Northern Arc. This is the first debt financing for the Delhi-based company. In February 2024, it raised $15 million led by Rigel Capital in Series A round. Metalbook’s board passed a special resolution to issue 250 non-convertible debentures at a face value of Rs 10,00,000 each to raise the above-mentioned sum, its regulatory filing sourced from Registrar of companies (RoC) shows. Founded in 2021, Metalbook is a full stack platform which helps businesses including SMEs with procurement, inventory liquidation, logistics, and credit among others. It claims to work with over 500 manufacturers, dealers and suppliers such as ArcelorMittal Nippon Steel, Tata Steel and JSW across 16 countries. In August last year, Axilor had led a $5 million seed round in Metalbook. The Delhi-based company is yet to disclose FY23 numbers but its revenue from operations stood at Rs 85.39 crore in FY22. Its losses also increased to Rs 25.90 crore in the same period. At the time of its Series A round in February, Metalbook said that it’s anticipating to achieve an annualized revenue run rate of $200 million by the end of FY24.

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Metalbook’s gross revenue crosses Rs 1,300 Cr in FY25

EntrackrEntrackr · 13d ago
Metalbook’s gross revenue crosses Rs 1,300 Cr in FY25
Medial

Metalbook’s gross revenue crosses Rs 1,300 Cr in FY25 Following a 76% year-on-year growth in FY24, metal supply-chain platform Metalbook maintained its momentum in FY25, crossing the Rs 1,300 crore revenue mark, a 66.7% jump from Rs 796 crore in FY24. According to its internal financial documents reviewed by Entrackr, the company’s revenue from operations stood at Rs 1,327 crore during FY25, while total income reached Rs 1,332 crore. The sale of ferrous commodities accounted for 71% of the total operating revenue, growing 33% to Rs 938 crore in FY25. Meanwhile, income from non-ferrous commodities and other operating activities jumped 4X to Rs 389 crore during the last fiscal year. For the metal supply-chain platform, the cost of procurement of metals formed 95.6% of the total costs. In line with its scale, this cost grew by 64% to Rs 1,303 crore in FY25. Meanwhile, its total expenses rose in proportion, up 66.9% to Rs 1,362 crore. Despite the scale-up, Metalbook managed to retain cost discipline, maintaining its expense-to-revenue ratio at 1.03X, the same as last year. Metalbook’s operating losses modestly remained at Rs 9.8 crore from Rs 9.7 crore, with the firm’s EBITDA margin remained steady at -0.7%, indicating that operational efficiency has largely held up amid strong topline growth. On the balance sheet, Metalbook’s total assets surged 26% to Rs 245 crore, backed by improved liquidity as cash and bank balances rose 24% to Rs 77.5 crore. Founded in 2021, Metalbook operates a full-stack digital marketplace for metal procurement, logistics, and financing. Following its $18 million Series A round led by Rigel Capital and Foundamental, the company has been expanding across niche categories in the metal, energy, and sustainability supply chains. Metalbook is well placed to benefit from the massive push for Make in India and infrastructure development in India, with demand for most metal and minerals in its portfolio expected to stay steady, if not higher. The firm has been meeting projected revenues by doing the basics right, and the B2B player should be able to deliver profits soon.

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