Infra.Market raises $121 million in pre-IPO funding; B2B startup now valued at $2.8 billion

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Infra.Market, an online marketplace for construction materials, has raised $121 million (about Rs 1,050 crore) from investors, as it gears up for a planned stock market listing later this year, according to a regulatory filing with the Registrar of Companies.The fundraise saw participation from existing backers, including Tiger Global, Evolvence, Foundamental GmbH, Zerodha cofounder Nikhil Kamath and Capri Global, as per the filing.

The Mumbai-based company is now valued at $2.8 billion (Rs 24,147 crore). It had raised $50 million last year from Mars…



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Infra.Market raises $121 million in pre-IPO funding; B2B startup now valued at $2.8 billion


Infra.Market, an online marketplace for construction materials, has raised $121 million (about Rs 1,050 crore) from investors, as it gears up for a planned stock market listing later this year, according to a regulatory filing with the Registrar of Companies.The fundraise saw participation from existing backers, including Tiger Global, Evolvence, Foundamental GmbH, Zerodha cofounder Nikhil Kamath and Capri Global, as per the filing.

The Mumbai-based company is now valued at $2.8 billion (Rs 24,147 crore). It had raised $50 million last year from Mars…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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