Infra.Market is an Indian startup that helps in the procurement of raw materials and handles logistics in the construction and real estate fields. The startup has now managed to finish its third financing round in a matter of nine months.
The Series D round funding of Infra.Market was led by Tiger Global and managed to amass $125 million. Now the startup is valued at $2.5 billion up from the $1 billion last February. The other leading investors of the startup are Nexus, Foundamental, and Accel Partners.
The headquarters of Infra.Market is in Mumbai and competes with Zetwerk. Tiger Global Management partner Scott Shleifer has said that they were delighted to increase their investment in Infra.Market.
The startup ensures that the raw materials are of best quality and also provides guidance on pricing of the raw materials, while also ensuring punctual deliveries. Infra.Market co-founder Souvik Sengupta said their startup helps small manufacturers to have a wider market even outside of India. He added that “We continue to build on our vision of creating India’s largest multi-product construction materials brand and transform the construction materials supply chain, not only in India but also globally”. They are planning to improve their existing services and also add new services. The company is also hoping to bring technology-based solutions to its services in the construction industry. They aim to collect over $1 billion in revenue this year and is also looking to acquire small start-ups.