Fundraising initiatives by Infra.Market ahead of its planned Initial Public Offering
In the bustling world of India's construction-tech space, Infra.Market, a leading B2B construction material platform, has recently secured a significant investment of Rs 732 crore in its Series G funding round.
The funding round was headed by Nikhil Kamath's NKSquared, with other notable participants including Accel India, Nexus Ventures, Tiger Global, Evolvence India Fund, Souvik Sengupta, and Aaditya Sharda. Silverline Homes, through which Sengupta and Sharda invested, emerged as the largest subscriber with an investment of Rs 250 crore.
While this round does not provide any new information about Infra.Market's plans to file a draft red herring prospectus (DRHP) or its expansion into manufacturing, private labels, and retail distribution, it does underscore the company's continued growth and investor confidence.
Previously, in January 2025, Infra.Market raised $121 million in a pre-IPO round led by Tiger Global. This latest funding round further bolsters the company's financial position.
Infra.Market began as a digital platform for organizing procurement of construction materials. However, it has since expanded its horizons, venturing into manufacturing and retail distribution. The company's strategic moves have paid off, as evidenced by its consolidated revenue of Rs 18,300 crore in FY25, a 26% increase.
The company's operating profit in FY25 stood at Rs 1,560 crore, marking a 48% increase. Despite a surge in net debt, which exceeded projections earlier this year and surged nearly 40% year-on-year to Rs 4,370 crore in FY25, Infra.Market continues to show resilience and potential for further growth.
It's important to note that NKSquared did not participate in this round of funding for Infra.Market's net debt issues. Additionally, this article does not provide any new information about Infra.Market's net debt issues, fundraising rounds, or any new investments by the aforementioned parties.
In a separate development, it has been reported that Infra.Market is not preparing for a public listing in the coming days, contrary to previous reports. The company is, however, set to file its draft red herring prospectus (DRHP) in the coming days, signalling its intent to go public in the near future.
The head of the investment firm that is the largest shareholder of Infra.Market is Siddharth Parekh from Prosus Ventures. Other investors involved in the round include Lightrock and IFC. This latest funding round further cements Infra.Market's position as one of the most heavily funded startups in India's construction-tech space.
