Infra.Market raises debt for refinancing and capex

The details

• Infra.Market has raised ₹1,250 Cr ($137 Mn) in debt financing.
• The lender is Singapore-based private credit platform Ascertis Credit.
• The funds will be used for refinancing debt, capex, and M&A.
• Security for the loan includes asset hypothecation and promoter shares pledge.
• The company also pledged group company shares like RDC Concrete.
• This debt round comes after its recent Series G equity funding.
• Infra.Market is currently preparing for an IPO after receiving SEBI nod.
• Roadshows are starting to assess investor interest before final timing.

The bigger picture

• Debt helps manage cash flow while preparing for a public listing.
• It avoids diluting existing shareholders during the pre-IPO phase.
• The move signals confidence in future revenue and asset value.

About the business

• Infra.Market operates as a construction materials marketplace.
• It serves both B2B clients and a retail network.
• The platform uses tech-enabled digitised procurement processes.
• It manufactures products under its own private labels.
• Key brands include RDC Concrete for ready-mix concrete.
• Other brands are Millenium Tiles and Shalimar Paints.
• The company has raised approximately $700 Mn in total funding.
• Its latest equity round valued the firm at $2.8 Bn.
• The planned IPO size is ₹5,000 Cr via fresh shares and OFS.

What happens next

• The company will conduct roadshows to gauge investor interest.
• IPO timing will be decided based on this feedback.
• Pre-filed papers were submitted last October.

The deal

Type

debt

Investors

• Ascertis Credit (lender) — Singapore-based private credit platform providing debt financing.
• Silverline Homes Private Limited (existing) — Promoter entity that participated in the Series G round.
• NK Squared (existing) — Venture fund led by Nikhil Kamath.
• Tiger Global (existing) — Global investment firm known for tech investments.
• Accel (existing) — Early-stage venture capital firm.
• Nexus (existing) — Venture capital firm focused on early-stage startups.

Founders

• Souvik Sengupta, Founder
• Aaditya Sharda, Founder

About Infra.Market

Product

An end-to-end construction materials platform spanning sourcing, manufacturing partnerships, and distribution.

Customers

Institutional buyers, builders, contractors, and retail construction-materials customers.

How it makes money

Makes money by supplying construction materials and related solutions across B2B and retail channels.

What sets it apart

Large network of manufacturing partners and a broad retail touchpoint footprint.

Operations

Runs a wide supplier network and reaches more than 10,000 retail touchpoints across India.

More on Infra.Market

• Infra.Market to go public via reverse merger with Shalimar Paints13 August 2026 · Acquisition · ₹10,440 crore
• Infra.Market to raise ₹500 Cr in pre-IPO round at $2.6 Bn valuation8 May 2026 · Funding · ₹500 Cr ($53 Mn)
• Infra.Market gets SEBI nod for ₹5,000 Cr IPO23 January 2026 · IPO · INR 5,000 Cr
• Infra.Market posts Rs 18,472 crore revenue with profit decline12 January 2026 · Results · Rs 220 crore

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