Enlight Metals Raises $1.5M Seed Led by Exar North Group

Enlight Metals Secures $1.5M Seed Round

Enlight Metals, an AI-enabled metal procurement platform based in Pune, Maharashtra, has raised $1.5 million in Seed funding. The round was led by Exar North Group.

What the Company Does

Enlight Metals operates a digital platform that connects verified steel suppliers with industrial buyers across India. The company pairs steel sourcing and distribution with an agentic AI layer that supports supplier matching, demand forecasting, and order operations.

Founded in 2024 by brothers Vedant Goel and Dhananjay Goel, the company positions itself as a digital-first alternative to India's fragmented and manual metal supply chain.

Operations and Footprint

Enlight Metals runs facilities and dark stores in three cities:

• Pune
• Mumbai
• Raipur

Expansion is planned into Ahmedabad and Indore.

Customer Base

The platform serves industrial buyers including:

• OEMs
• Fabricators
• Infrastructure contractors

Deal Summary

• Company: Enlight Metals
• Round: Seed
• Amount: $1.5 million
• Lead Investor: Exar North Group
• Date: September 17, 2026
• Stage: Seed

Why It Matters

The Indian metal supply chain remains largely manual and fragmented. Enlight Metals' combination of physical distribution infrastructure — dark stores and facilities across key industrial hubs — with an agentic AI layer for sourcing and operations represents an attempt to digitize procurement from supplier matching through order fulfillment. The Seed capital follows the company's 2024 founding and supports its stated geographic expansion into additional Indian industrial markets.