Infra.Market is a marketplace for construction materials and also manufactures products under its private labels.
It sells through B2B and retail channels, using technology to digitize procurement.
The funding comes as Infra.Market prepares for an IPO worth $500–700 Mn (₹4,400–6,100 Cr). Reports suggest the company plans to file its DRHP next month.
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List of Unicorn Startups in India 2024. BillDesk, Dream11, Zerodha, Zoho, EaseMyTrip, Gupshup, Infra.Market, Shiprocket, Mamaearth, and Nykaa are the Top 10 Unicorn Startups in India 2024.
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Infra.Market has obtained debt financing totaling Rs 150 cr, or around $18 million. The $50 million equity round from the Mars Unicorn Fund, a joint venture of Liquidity Group and MUFG, comes after the debt infusion for the Mumbai-based company.