Infra.Market raises another $50 mn from Mars Unicorn Fund
Live MintConstruction materials platform Infra.Market has raised an additional $50 million from Mars Unicorn Fund, a joint venture of global asset manager Liquidity Group and Japanese bank MUFG. “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.,” said co-founder Souvik Sengupta. Founded by Sengupta and Aaditya Sharda in 2016, Infra.Market supplies products such as concrete, steel, pipes and fittings, plywood, laminates and tiles to both institutional customers and retail outlets. Infra.Market, which is backed by Accel, Nexus Venture Partners, Fundamental VC, and Tiger Global, saw its revenue rise from ₹6,236 crore in 2021-22 to ₹11,846 in FY23.
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