Infra.Market has secured $50 million from MARS Unicorn Fund which is a joint venture of Liquidity Group and MUFG. 

With this, MARS and Liquidity investment in the company touched around $100 million.

As per the startup, the funds will be used to enter new global markets and broaden its presence across different product verticals.

Infra.Market | Construction materials provider

Founded by Souvik Sengupta and Aaditya Sharda in the year 2016, Infra.Market sells construction materials, infrastructure goods, and technical equipment. It is targeting the $140 construction materials market, with a strong focus on the industrial and infrastructure sector.

The company caters to both institutional customers (B2B) and retail outlets (D2R) in the construction materials sector. As per the company, it supplies across 15+ states in India and exports to markets such as Dubai, Singapore, Jordan, and Italy, among others.

Speaking about the development, Souvik Sengupta, Founder and CEO of Infra.Market, said,

“We are seeing growth opportunities as we are rapidly expanding our product portfolio and market presence, and the launch of new verticals will help us seed newer markets…,”.

Furthermore, Infra.Market has secured around $500 million across equity and debt. As per the report, Tiger Global was the largest external stakeholder with 21.33% followed by Accel and Nexus Ventures which commanded 16.87% and 8.46%, respectively, before this round.

Infra.Market is one of the handful of unicorns in the country which managed over nine-fold growth in gross scale between FY21 and FY23 and remained profitable. 

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