Total amount raised
$847.6 Millions
Latest funding date
Location
Infra.Market has successfully raised significant funding across multiple rounds, culminating in its latest Series F round. The platform leverages technology to streamline the construction materials supply chain, offering a wide range of products from cement to consumer durables.
Keep reading to explore the intricacies of Infra.Market's fundraising journey and the investors backing this innovative platform.
What Is Infra.Market?
Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market is headquartered in Thane, Maharashtra, India. The company leverages technology to optimize the construction materials supply chain, offering a wide range of products from cement to consumer durables.
With a workforce of 1001-5000 employees, Infra.Market aims to streamline procurement and logistics for the construction industry. The platform integrates various technological solutions to enhance efficiency across the value chain.
For more information, you can visit their official website or check out their Crunchbase profile.
How Much Funding Has Infra.Market Raised?
- Seed Round
- Amount Raised: $3.5M
- Date: June 2019
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial platform.
- 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 expand market reach and enhance technological capabilities.
- Series A
- Amount Raised: ₹400M
- Date: June 2020
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase product offerings.
- Series B
- Amount Raised: $20M
- Date: December 2020
- Lead Investors: Evolvence India Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and market expansion.
- Series C
- Amount Raised: $100M
- Date: February 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and enhance technological infrastructure.
- Series D
- Amount Raised: $125M
- Date: August 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.
- Venture Round
- Amount Raised: $50M
- Date: June 2022
- Lead Investors: Mars Growth Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product diversification.
- 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 fuel growth and prepare for an IPO.
- Series F
- Amount Raised: $121M
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: $2.8B
- Motivation Behind the Round: To expand, grow, and prepare for an IPO.
Total Amount Raised: $3.5B
Current Valuation: $2.8B
Key Investors
- Tiger Global
- Details: Tiger Global is a leading investment firm focused on public and private companies in the global internet, software, consumer, and financial technology sectors. Founded in 2001, the firm has a strong track record of backing high-growth companies.
- Investment Focus Areas: Technology, internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Evolvence
- Details: Evolvence is a private equity and venture capital firm that invests in emerging markets. The firm focuses on sectors with high growth potential and has a diversified portfolio.
- Investment Focus Areas: Private equity, venture capital, real estate.
- Notable Investments: Not publicly disclosed.
- Foundamental GmbH
- Details: Foundamental GmbH is a venture capital firm specializing in construction technology. The firm aims to support startups that are innovating in the construction and building materials sectors.
- Investment Focus Areas: Construction technology, building materials, related sectors.
- Notable Investments: Not publicly disclosed.
- Nikhil Kamath
- Details: Nikhil Kamath is the co-founder of Zerodha, India's largest stock brokerage firm. He is also an active investor in fintech and startup ecosystems.
- Investment Focus Areas: Fintech, startups, various sectors.
- Notable Investments: Zerodha, True Beacon.
- Capri Global
- Details: Capri Global is a financial services company that provides lending and asset management services. The firm focuses on sectors like real estate and infrastructure.
- Investment Focus Areas: Financial services, real estate, infrastructure.
- Notable Investments: Not publicly disclosed.
What's Next for Infra.Market?
Infra.Market stands on the brink of significant growth opportunities, driven by its recent $121 million pre-IPO funding round. The company plans to leverage this capital to expand its footprint in new and existing markets, enhancing its product offerings and technological capabilities. With a valuation of $2.8 billion, the upcoming IPO aims to raise $500-700 million, positioning Infra.Market for substantial market opportunities.
However, the path ahead is not without challenges. The competitive landscape of the construction materials market and the complexities of scaling operations could pose hurdles. Additionally, navigating regulatory and compliance issues in different markets will require strategic planning and execution. Despite these challenges, Infra.Market's strong financial performance and investor confidence suggest a promising future.
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