The freshly infused capital will be used to establish a state-of-the-art steel processing facility in Aurangabad, enabling Poshs Metal to expand its capacity and serve Original Equipment Manufacturers (OEMs) more efficiently.
The Bengaluru-based startup aims to deploy the raised funds for business expansion geographically, deepen SKU presence, and build and strengthen capacity.
The Pune-based platform aims to use the proceeds from the current fund raise to achieve AUM growth by further enhancing its distribution network and expanding its operational footprint.