[Funding News] Infra.Market Raises $50 Mn Funding Led by Mars Unicorn Fund

Infra.Market has raised $50 million from the MARS Unicorn Fund, a joint venture between MUFG and Liquidity Group.

Infra.Market received a $50 million investment from the two firms in 2022. Infra.Market was reputedly valued at $2.5 billion in an equity transaction in August 2021, while the company did not reveal its worth in the new funding.

Read also - EcoRating Secures $1 Mn Pre-seed Funding Round

The goal of Infra.Market is to change the way small companies in India's manufacturing sector function.

The company provides construction products to retail stores (D2R) and institutional consumers (B2B). The company claims that it distributes to 16 states in India and exports to countries including Italy, Dubai, Singapore, and Jordan.

One of the few unicorns in the nation, Infra.Market, increased its gross scale by more than nine times between FY21 and FY23 while maintaining profitability.

Souvik Sengupta, founder, Infra.Market, said: “We continue to build on our vision of creating India’s largest multi-product construction materials brand and transforming the construction materials supply chain, not only in India, but also globally,”

About Infra.Market

Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market is a Construction Solutions company that leverages technology to provide an enhanced procurement experience for all players in the construction ecosystem.

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