Infra Market Valued At $2.5 Billion In Tiger Global Led $125 M Funding
- ByAyushi Ray | August 3, 2021
Indian construction and real estate finder startup Infra Market valued at $2.5 Billion in Tiger Global led $125 M funding. This startup which has Nexus, Foundamental, and Accel Partners among its investors, has raised about $275 million to date. “We are delighted to double-down on our investment in Infra.Market. The team has demonstrated exceptional growth and continues to disrupt the construction materials industry. Over the past year, Infra.Market has become the go-to partner, especially during the pandemic when the traditional supply chains were disrupted,” said Scott Shleifer, Partner, Tiger Global Management, in a statement.Infra.Market, helps small businesses such as manufacturers of paints and cements improve the quality of their production and meet various compliances. They also have a competitor in the field Lightspeed-backed Zetwerk .
The startup supplies it’s resources to the manufacturing facilities of these small businesses to ensure that they make and supply best quality products. , and also helps them work with other businesses that can provide them with better raw material and provide guidance on pricing. It also works closely with businesses to ensure that their deliveries are made on time. These improvements, explained co-founder Souvik Sengupta, help small manufacturers land larger clients that have higher expectations from the businesses with which they engage. He said the startup has helped small manufacturers reach customers outside of India as well. Some of its clients are in Bangladesh, Malaysia, Singapore and Dubai. “We continue to build on our vision of creating India’s largest multi-product construction materials brand and transform the construction materials supply chain, not only in India, but also globally,” he said.
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