# Enlight Metals Advances AI-Enabled Procurement in India

Enlight Metals Private Limited has secured $1.5 million in funding from US-based Exar North Group Inc. at a $10 million valuation to enhance its Agentic AI-driven metal procurement platform and expand operations across India. This investment aims to accelerate technology development and geographic growth, targeting approximately ₹1,200 crore in revenue in the upcoming financial year. The platform's AI capabilities are designed to optimize metal procurement processes, potentially transforming supply chain efficiency in the metals sector.

- **Why this matters:** Procurement professionals and contractors should note the increasing integration of AI technologies in commodity procurement, signaling a shift toward more data-driven, automated sourcing strategies.
- The funding and expansion plans indicate growing market opportunities for AI-enabled procurement solutions in India, especially in metals and industrial materials.
- Companies involved in government or large-scale industrial procurement may find value in exploring partnerships or adopting similar AI platforms to enhance cost-effectiveness and operational agility.
- This development highlights the importance of cross-border investment and technology transfer in advancing procurement innovation within emerging markets like India.

**Jurisdictions:** sled
**Industries:** Information Technology
**Topics:** Artificial Intelligence
**Published:** September 19, 2026

### Vendors
- Enlight Metals Private Limited (metal procurement company)
- Exar North Group Inc. (investor)

### Key Quotes
> Our partnership with Exar North gives us the resources and technology support to serve our customers better while accelerating our growth. We are grateful for their belief in our vision and excited about the opportunities ahead.
> — Vedant Goel, Director at Enlight Metals Private Limited

### Sources
- [Enlight Metals Raises $1.5 Million At $10 Million Valuation For Agentic AI Procurement](https://ascendants.in/business-stories/enlight-metals-raises-1-5-million-10-million-valuation-agentic-ai-procurement) - ascendants.in