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Announced

Completed

Tiger Global led a $100m Series C round in Infra.Market.

Financials

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Transaction Value£70m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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India

construction materials

Building Materials: Other

Acquisition

Cross Border

Minority

Private

Private Equity

Completed

Friendly

Venture Capital

Synopsis

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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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