TLDR:
- Infra.Market secures $50 million from Mars Unicorn Fund
- Valuation stands at $2.5 billion
Infra.Market, founded by Souvik Sengupta and Aaditya Sharda in 2016, has raised an additional $50 million from Mars Unicorn Fund at a valuation of $2.5 billion. The company, backed by investors like Accel, Nexus Venture Partners, Fundamental VC, and Tiger Global, focuses on supplying construction materials to institutional customers and retail outlets. The latest investment will be used to expand global operations and diversify product categories. Despite a decline in profits from FY22 to FY23, Infra.Market’s revenue saw significant growth during this period. This funding round follows the company’s previous successful raise of $125 million in 2021 that was led by Tiger Global.
