StartupFox

Enlight Metals has raised $1.5 million from Exar North Group, a United States investment firm headquartered in Princeton, New Jersey, at a valuation of $10 million. That implies roughly 15 percent dilution.

Brothers Dhananjay Goel and Vedant Goel founded the company in Pune in 2024, with Vedant as chief executive and a third brother, Taranjay Goel, running the technology side. It works in metal procurement, combining steel sourcing and distribution with software, and supplies more than 500 small and medium manufacturers across solar, wind, cable, railways, automotive, heavy engineering, warehousing, infrastructure and government projects. Its range covers HR and CR coils, GP sheets, MS pipes, structural steel, TMT bars and colour-coated sheets.

OpenAI is in early discussions over a private funding round that would value it at as much as $1.5 trillion, four days after chief executive Sam Altman ruled out a public listing this year on safety grounds.