India-based technology company Infra.Market has announced that it has raised $125 million in the Series D funding round from Tiger Global at $2.5 billion valuation.
Founder of Infra.Market – Souvik Sengupta told to PTI, “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. We are also keen to grow the business through acquisitions.”
Sengupta added, “These stores are present across 10 states in India and export to markets such as Dubai, Singapore, Jordan, Italy, etc. The company intends to use the proceeds of the raise to cater to newer markets and increase its presence across product verticals and look at acquisition opportunities across the construction ecosystem.”
Scott Shleifer, Partner at Tiger Global Management, said, “We are delighted to double-down on our investment in Infra.Market. The team has demonstrated exceptional growth and continues to disrupt the construction materials industry. Over the past year, Infra. Market has become the go-to partner, especially during the pandemic when the traditional supply chains were disrupted.”
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