Monday, June 17, 2024
HomeIndia India-Based Infra.Market Secures $50 Million in Funding

[FUNDING NEWS] India-Based Infra.Market Secures $50 Million in Funding

Infra.Market, an Indian tech building material solutions startup, received $50 million from MARS Unicorn Fund, a joint venture between Liquidity Group and MUFG. Infra.Market announced  that new funding brings the firm's overall financing to $100 million from $50 million in 2022.

Infra.Market, an Indian tech building material solutions startup, received $50 million from MARS Unicorn Fund, a joint venture between Liquidity Group and MUFG. Infra.Market announced  that new funding brings the firm’s overall financing to $100 million from $50 million in 2022.

Read also – China-Based Nio Power Secured $207 Million in Strategic Financing

The company will use the newest financing to enter new global markets and expand across product categories.

The firm said the additional financing is a testament to its strong relationships with the company and its founders and Liquidity Group’s proprietary AI-driven analysis of the company’s future financial integrity and execution.

It also shows the firm’s strategy of partnering with late-stage technology businesses on several large-scale funding solutions for high-growth opportunities.

Read also – Singapore-Based ARPA Network Secures $6 Million in Funding

Infra.Market reported that the company is targeting the $140 billion construction materials market, particularly infrastructure.

The declaration follows India’s National Infrastructure Pipeline’s $2 trillion infrastructure project allocation increase over the next four years.

“We continue to build on our vision of creating India’s largest multi-product construction materials brand and transforming the construction materials supply chain, not only in India, but also globally,“We are seeing growth opportunities as we are rapidly expanding our product portfolio and market presence, and the launch of new verticals will help us seed newer markets and create a best-in-class construction materials company out of India,” said Souvik Sengupta, Founder, Infra.Market, commented.

In 2016, Souvik Sengupta and Aaditya Sharda founded Infra.Market to become India’s largest multi-product construction materials brand and change the global supply chain.

Concrete, AAC blocks, steel, pipes and fittings, MDF, plywood, laminates, tiles, bath fittings and sanitary, fans, lights, kitchen and electrical appliances, modular kitchens and closets, designer hardware and paints are among its 15 building material categories.

About Infra.Market

Infra.Market is building material one-stop shop. With world-class factories and Innovation Centre

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