Infra.Market Raises Rs 732 Cr Series G Funding Ahead of IPO

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Infra.Market, an Indian construction materials platform, has raised Rs 732 crore in a Series G funding round led by Nikhil Kamath’s NKSquared. The funding boosts the company’s valuation to Rs 24,600 crore as it prepares for an IPO. Key participants included Silverline Homes, Tiger Global, and various existing investors. Infra.Market focuses on a private-label strategy, enhancing its growth through acquisitions and technology-driven operations. Auto-published by Growwh – a smarter way to scale content and marketing. Want to know more? Chat with us. Infra.Market, a leading Indian construction materials platform, has successfully raised Rs 732 crore (approximately $83 million) in a Series G funding round. With this recent capital infusion, the company is gearing up for its much-anticipated initial public offering (IPO), further cementing its position as a dominant force in the construction tech sector. Details of the Series G Funding Round The latest funding round was spearheaded by Nikhil Kamath’s family office, NKSquared, which made a significant investment of Rs 200 crore. Adding to this, Silverline Homes, closely associated with co-founder Aaditya Sharda, contributed Rs 250 crore, marking the largest single cheque in the financing round. Other key participants included Tiger Global, which committed Rs 176 crore through its Internet Fund, while existing investors such as Accel, Evolvence India, and Nexus Ventures contributed smaller sums. Notably, founders Souvik Sengupta and Aaditya Sharda also raised promoter financing to increase their stakes, further strengthening their roles within the company. Company Valuation and IPO Plans Following this latest capital raise, Infra.Market is valued at an impressive Rs 24,600 crore. The Thane-based startup is preparing to file its Draft Red Herring Prospectus (DRHP) with the market regulator within a few weeks, moving closer to its IPO expected later this year. An important aspect of this round is the enhanced promoter stake, which will rise to nearly 30%, officially designating the founders as promoters. This strategic move aims to boost confidence and control as the company transitions to a publicly listed entity. Infra.Market’s Growth Trajectory and Business Model Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market has rapidly evolved into a comprehensive building materials platform. Operating via an online marketplace, it connects construction material suppliers with contractors and real estate developers across India. Currently, the company boasts a vast presence with 250 manufacturing plants across 55 cities, offering products in over 15 diverse categories. In the fiscal year 2024, Infra.Market recorded revenues of Rs 14,530 crore and profit after tax (PAT) climbed to Rs 378 crore, underscoring its robust financial health. Private-Label Focus and Strategic Acquisitions Infra.Market’s exceptional growth is largely driven by its private-label manufacturing strategy, now responsible for two-thirds of its sales. This approach enables the company to deliver consistent quality while maintaining competitive pricing. Moreover, the startup has expanded its product portfolio and market reach through noteworthy acquisitions including: RDC Concrete Shalimar Paints Emcer Tiles Such acquisitions bolster Infra.Market’s comprehensive range and strengthen its foothold in the building materials industry. Expanding Reach and Technology-Enabled Operations The company’s growth strategy emphasizes expansion into Tier II and III cities, tapping into underserved markets with great potential. Infra.Market’s technology-driven supply chain management and extensive dealer network contribute to its efficient operations and customer-centric approach. Its multi-product, multi-channel business model positions Infra.Market as India’s inaugural platform that seamlessly integrates a wide array of building materials with robust distribution channels, a key value proposition for its upcoming IPO. Conclusion: Poised for Public Market Success With Rs 732 crore fresh funding raising Infra.Market’s valuation to Rs 24,600 crore, the company is well-prepared for its IPO expected later this year. Founder-led promoter investments and strategic private label growth amplify its market proposition. As Infra.Market continues to scale its technology-enabled supply chain across India, it primes itself for becoming a trailblazer in the construction materials sector’s public markets. Source This article was auto-generated as part of a smart content campaign. Curious how we do it? Chat with us to learn more about our content automation systems.

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