Infra.Market raises $121 million in pre-IPO funding, valuing the B2B startup at $2.8 billion
Infra.Market has raised Rs 1,050 crore ($127.3 million) in its pre-IPO funding round as it gears up for a stock market listing later this year, according to a regulatory filing with the Registrar of Companies.
Budget with ET
Rising Bharat may need to take center stage for India’s game-changing plans
Will Indian Railways accelerate to global standards with govt’s budgetary allocation?
Budget 2025 to catapult India's domestic manufacturing to a global scale
The funding round saw participation from several investors like Tiger Global, Evolvence, Foundamental GmbH, investor Ashish Kacholia, Zerodha cofounder Nikhil Kamath and Capri Global among others, as per the filing.
The Mumbai-based company is now valued at Rs 24,147 crore (about $2.8 billion), compared to $2.5 billion in its last round in May 2024 when it raised $50 million from Mars Unicorn Fund, a joint venture of Liquidity Group and Mitsubishi UFJ Financial Group.
The company will use the funds for growth, expansion and various other general corporate needs, it said.
Founded in 2016 by Souvik Sengupta and Aditya Sharda, the Accel-backed firm supplies a diverse range of building materials spanning over 15 categories. These include concrete, steel, pipes and fittings, plywood, fans, lights and kitchen and electrical appliances.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha
