Infra.market is an Indian construction startup that has secured $50 million from MARS Unicorn Fund. The startup supplies building materials and construction materials suppliers. This real estate tech funded startup has reached $100 million after the investment from MARS. Infra.Market is expected to  have $2.5 billion. The funding round held previously had participation from Nexus, Tiger Global, Accel,  etc. 

Founded by Aaditya Sharda and Souvik Sengupta, this startup sells construction materials, technical  equipment, and infrastructure goods. The company is said to be targeting the $140 million  construction materials market to strengthen its lead in the infrastructure sector. The startup claims to  supply its material across 16 cities in India while exporting globally to countries including Singapore,  Dubai, Italy, and Jordan among others. Last year, as its plan for market expansion, the startup acquired  RDC Concrete for $90 million in September. Infra.Market has raised $500 million across all its debt and  equity rounds.  

Image source: infra.market 

TheKredible reported that the largest external stakeholder of the startup is Tiger Global with a 21.33%  stake, followed by Accel and Nexus Ventures. This Indian construction startup is one of the few  unicorns in the country that managed to have nine times growth in gross scale between FY21 and FY23  while remaining profitable. TheKredible said that the gross revenue of this startup rose to Rs 11,846  crore in FY23 meanwhile the profit decreased by 17% reaching Rs 155 crore from Rs 187 crore in FY22. The startup will be using this funding amount to further improve its services, expand in the market,  enhance its technology, and scale operations. 

The founder and CEO of infra.market told TechCrunch that they will continue to focus on their original vision of becoming India’s Largest multi-product construction material company. The startup aims to  transform the construction materials supply chain domestically and globally. The company is backed  by Accel, Foundamental, Nexus Ventures, and Tiger Global. The investors showed trust in this startup  by highlighting the company’s work to remake construction and infrastructure projects in India and  globally.  

Conclusion: 

An Indian construction startup, Infra.Market secured $50 million from a MUFS-backed fund. The  startup reached $100 million after this investment of MARS, valuing it at $2.5 billion. The startup sells  construction materials, technical equipment, and infrastructure goods. The company is said to be  targeting the $140 million construction materials market to strengthen its lead in the infrastructure  sector. The startup claims to supply its material across 16 cities in India while exporting globally to countries including Singapore, Dubai, Italy, and Jordan among others. The company is backed by  Foundamental, Accel, Nexus Ventures, and Tiger Global. The investors showed trust in this startup by  highlighting the company’s work to remake construction and infrastructure projects in India and  globally. The company is said to be targeting the $140 million construction materials market to  strengthen its lead in the infrastructure sector. Besides, it also aims to further develop its flagship  design product and a solution around manufacturing and infrastructure. This startup is planning to use  this investment for its market expansion.