Overview
Mumbai – Infra.Market announced that it has raised a USD 100 million in a Series C round led by Tiger Global with participation from other existing investors Accel Partners, Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund and Foundamental Gmbh. Infra.Market is an India-based technology firm providing a one-stop marketplace for quality construction materials. The latest funding round values the company at USD 1 billion. The new fund-raise will enable Infra.Market to enhance its technological offerings, seed newer markets and advance their initiatives such as private label brands, direct to retail channel and exports.
Avendus Capital was the exclusive financial advisor to Infra.Market on the transaction.
About Infra.Market
Infra.Market focuses on high-volume construction products under its own brands and aims to solve existing issues such as a lack of price transparency, unreliable quality, a fragmented vendor base and inefficient logistics. The company caters to both institutional customers (B2B) and retail outlets (D2R) in the construction materials sector. It supplies across 10 states in India and exports to markets such as Dubai, Singapore, Bangladesh etc.
Infra.Market is growing 4 times year-on-year and has best-in-class profitability and return on capital amongst all B2B commerce companies in India, as more than two-thirds sales are contributed by the company’s own brands. The company has also seen exports soaring to over 10% of sales within the first year of export operations.
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