MUMBAI: Infra.Market's Strategic Move Towards IPO

In a significant development, Infra.Market, a B2B construction materials supplier, has successfully raised $121 million (Rs 1,050 crore) in its pre-IPO funding round, achieving a staggering valuation of $2.8 billion. This move places Infra.Market among the elite group of startups gearing up for an IPO in a buoyant market.

Investor Confidence in Infra.Market

The funding round saw participation from heavyweight investors including Tiger Global, Evolvence, and Foundamental, as revealed in regulatory filings. Additionally, Nuvama, Capri Global, and notable individual investors like Nikhil Kamath and Ashish Kacholia have backed this round, underscoring the robust investor confidence in Infra.Market's business model and growth trajectory.

A Profitable Startup on the Rise

Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market has carved a niche for itself by supplying a wide range of construction and building materials to major players like DLF, Godrej, and Lodha. Remarkably, Infra.Market stands out as a profitable startup, reporting net profits of Rs 378 crore in the financial year 2023-24, a testament to its operational efficiency and market demand.