Total amount raised
$847.6 Million
Latest funding date
1/1/2025
Location
Infra.Market has successfully raised significant funding over multiple rounds, achieving a valuation of $5 billion. The platform leverages technology to streamline the construction materials supply chain, offering a diverse range of products and services.
Keep reading to explore the intricacies of Infra.Market's fundraising journey and the investors backing this innovative platform.
What Is Infra.Market?
Infra.Market, founded on July 15, 2016, by Aaditya Sharda and Souvik Sengupta, is a B2B e-commerce platform headquartered in Thane, Maharashtra, India. The company specializes in building and construction materials, leveraging technology to optimize the supply chain.
With an employee count ranging from 1001 to 5000, Infra.Market operates over 250 manufacturing plants and warehouses. The platform offers a wide range of products, including cement, steel, and chemicals, catering to various needs within the construction industry.
How Much Funding Has Infra.Market Raised?
- Series A
- Amount Raised: $20M
- Date: December 2019
- Lead Investors: Nexus Venture Partners, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series A
- Amount Raised: ₹400M
- Date: June 2020
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and operational expansion.
- Series B
- Amount Raised: $20M
- Date: December 2020
- Lead Investors: Evolvence India Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand product offerings.
- Series C
- Amount Raised: $100M
- Date: February 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and prepare for future funding rounds.
- Series D
- Amount Raised: $125M
- Date: August 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance supply chain efficiency.
- Venture Round
- Amount Raised: $50M
- Date: June 2022
- Lead Investors: Mars Growth Capital
- Valuation at Round: $2.5 billion
- Motivation Behind the Round: To support growth and operational expansion.
- Venture Round
- Amount Raised: ₹4.2B
- Date: May 2024
- Lead Investors: MARS Unicorn Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and prepare for future funding rounds.
- Series F
- Amount Raised: $121M
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: $2.8 billion
- Motivation Behind the Round: To prepare for an anticipated IPO and support expansion.
Total Amount Raised: $436.8M
Current Valuation: $2.8 billion
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the technology, internet, and software sectors.
- Investment Focus Areas: Technology, internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify, Flipkart, ByteDance.
- Evolvence India Fund
- Details: Evolvence India Fund is a private equity and venture capital firm that invests in high-growth companies in India and the Middle East.
- Investment Focus Areas: Private equity, venture capital, real estate.
- Notable Investments: Not publicly disclosed.
- Foundamental GmbH
- Details: Foundamental GmbH is a venture capital firm that specializes in investments in construction technology and related sectors.
- Investment Focus Areas: Construction technology, related sectors.
- Notable Investments: Not publicly disclosed.
- Nikhil Kamath
- Details: Nikhil Kamath is the co-founder of Zerodha, a leading financial technology company in India, and is known for his investments in various technology startups.
- Investment Focus Areas: Fintech, technology startups.
- Notable Investments: Zerodha.
- Capri Global
- Details: Capri Global is a financial services company that provides lending and investment services across various sectors.
- Investment Focus Areas: Financial services, lending, asset management.
- Notable Investments: Not publicly disclosed.
What's Next for Infra.Market?
Infra.Market stands on the brink of significant expansion, leveraging its recent $121 million pre-IPO funding to explore new markets and enhance its supply chain capabilities. With a valuation of $2.8 billion, the company is poised to capitalize on the growing demand for construction materials both domestically and internationally.
As Infra.Market prepares for its IPO, aiming to raise $500-700 million, the potential for future fundraising remains robust. This influx of capital will support their ambitious growth plans, including expanding their product offerings and entering new geographical markets. However, the company must navigate challenges such as intense competition and regulatory complexities in different regions.
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