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Funding · Commerce & Consumer Brands

Infra.Market to raise ₹500 Cr in pre-IPO round at $2.6 Bn valuation

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Infra.Market logo
Date
Company
Infra.Market
What it does
building materials platform
Kind
Funding
Amount
₹500 Cr ($53 Mn)
Stage
pre-IPO
Based in
Thane
Founded
2016
Sector
Commerce & Consumer Brands

What they do

Infra.Market is a building materials platform that sells construction products like ready-mix concrete, tiles, and paints through B2B and retail channels

What happened

The company is raising ₹500 Cr (about $53 Mn) in a pre-IPO round at a post-money valuation of ₹25,000 Cr (about $2.6 Bn) from investors including Tiger…

Why it matters

Infra.Market plans to list on the stock market within 4–6 months and has already secured ₹235 Cr of the total amount from existing investors

The details

  • Infra.Market is raising ₹500 Cr (about $53 Mn) in a pre-IPO round at a post-money valuation of ₹25,000 Cr (about $2.6 Bn) from new institutional investors and existing backers.
  • The company is targeting a public listing in the next 4–6 months and expects to close the funding round in the coming weeks.
  • Existing investors like Tiger Global, Accel, and Nexus Venture Partners will participate, along with the startup’s cofounders, Aaditya Sharda and Souvik Sengupta.
  • This round comes at a slightly higher valuation than Infra.Market’s ₹732 Cr Series G round in September 2025, which valued the platform at about ₹24,600 Cr.
  • The startup has already secured ₹235 Cr of the total amount from investors including Tiger Global, Accel Partners, Evolvence India, Nexus Venture Partners, and others.

The bigger picture

  • Infra.Market has raised over $740 Mn in total funding to date, including a ₹1,250 Cr debt funding from Singapore-based private credit platform Ascertis Credit earlier this year.
  • The company’s consolidated net profit rose to about ₹300–325 Cr in FY26 from ₹220 Cr in FY25, and its revenue increased 7% YoY to nearly ₹20,000 Cr.
  • EBITDA stood at ₹1,750–1,800 Cr, with a margin expansion of 100 basis points to 9%.
  • Infra.Market filed its DRHP via the confidential route last year and is expected to raise up to ₹5,000 Cr via the public issue, split evenly between fresh issue and an offer for sale.

About the business

  • Infra.Market is a technology-enabled building materials platform offering a diversified product portfolio, supported by a pan-India manufacturing infrastructure.
  • It serves contractors, developers, and retailers in the real estate, construction, and infrastructure sectors.
  • The company operates as a multi-product building materials platform covering the entire project construction lifecycle.
  • Its product portfolio spans structural products, finishing materials, lifestyle products, and other products and services, including concrete, aggregates, AAC blocks, steel, pipes and fittings, MDF, plywood, laminates, tiles, bath fittings, sanitaryware, fans, lights, electrical appliances, modular kitchens and wardrobes, designer hardware, and paints.
  • Infra.Market has 283+ manufacturing facilities, comprising 163 owned and 120 exclusive third-party manufacturing units across 22 states in India.
  • It offers products through a diversified, multi-channel distribution network covering both business-to-business (B2B) and business-to-retail (B2R) segments.
  • The B2B channel focuses on direct corporate sales, delivering directly to sites for commercial and residential real estate, infrastructure, and industrials.
  • The B2R channel caters to retail demand through 17,256 retail touchpoints, including retail outlets, dealers, sub-dealers, and distributors.
  • Infra.Market operates a 'house of brands' platform in the building materials industry, combining in-house and third-party brands.

What happens next

  • Infra.Market plans to list on the stock market within 4–6 months.
  • The company is expected to raise up to ₹5,000 Cr via the public issue, split evenly between fresh issue and an offer for sale.

The deal

Type
ipo

Investors

  • Tiger Global (investor) — A global venture capital firm with a focus on early-stage and growth-stage technology companies.
  • Accel (investor) — A global venture capital firm with a focus on early-stage and growth-stage technology companies.
  • Nexus Venture Partners (investor) — A venture capital firm focused on early-stage and growth-stage technology companies in India.

Founders

  • Aaditya Sharda, cofounder
  • Souvik Sengupta, cofounder

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.

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