Announced
Completed
Financials
Sources
Tags
India
construction materials
Building Materials: Other
Acquisition
Cross Border
Minority
Private
Private Equity
Completed
Friendly
Venture Capital
Synopsis
Tiger Global, an investment firm, led a $100m Series C round in Infra.Market, a tech-enabled one-stop store for all category of construction materials and products. Additional investors include Accel Partners, Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund and Foundamental. Infra.Market plans to spend the new funds to enhance its technological offerings, seed newer markets and advance initiatives such as private label brands, direct to retail channel and exports. “We are delighted to partner with Souvik and Aaditya in the growth journey of Infra.Market which is reshaping India’s construction materials supply chain. With pioneering technology innovation and the ability to stitch together private label brands, Infra.Market is positioned for strong growth, healthy economics and profitability," Scott Shleifer, Tiger Global Partner.
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