Infra.Market, India's #1 on-demand construction materials marketplace, has raised USD 125 million in a
Series D round led by Tiger Global. The latest funding round values the company at USD 2.5 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
Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market is a construction solutions company that leverages technology to provide an enhanced procurement experience for all players in the construction ecosystem. The company is targeting the USD 140 billion construction materials market with a strong focus on the infrastructure sector. Infra.Market is expected to significantly benefit from the ongoing increase in allocation for infrastructure projects under the National Infrastructure Pipeline, which has planned projects worth USD 2 Trillion to be executed over the next few years.
Infra.Market focuses on high-volume construction products under its own brands. On the customer side, it aims to solve existing issues such as a lack of price transparency, unreliable quality, a fragmented vendor base and inefficient logistics. On the supplier side, it ensures higher capacity utilization, a steady demand and better customer reach.
Infra.Market is expected to cross a billion dollars in sales by the end of this calendar year and is growing 5 times year-on-year with best-in-class profitability and return on capital metrics amongst all B2B commerce companies in India. More than two-third of the sales are contributed by the company’s own brands. The company has also seen both D2R and export businesses soaring to over 10% of sales each within the first year.
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