Construction materials company Infra.Market announced on Tuesday (May 28) that it has received an additional $50 million in funding from MARS Unicorn Fund, a joint venture of Liquidity Group and MUFG.
This, according to the company, brings the total investment from MARS and Liquidity in Infra.Market to $100 million, following an initial $50-million investment in 2022.
The new funds will be used to expand Infra.Market’s global reach and enhance its product offerings, the company added.
Infra.Market Co-Founder Souvik Sengupta expressed enthusiasm about the company's growth trajectory, stating, "The launch of new verticals will help us seed newer markets and create a best-in-class construction materials company out of India."
Infra.Market addresses key industry challenges by providing high-volume construction products under its own brands, focusing on issues such as price transparency, quality reliability, and logistics efficiency.
It serves both B2B institutional customers and D2R retail outlets across 20 Indian states and exports to markets, including Dubai, Singapore, and Italy.
Ron Daniel, Co-Founder and CEO of Liquidity Group, highlighted the strategic value of Infra.Market, saying, "Our evaluation of Infra.Market showed a company delivering on its promise to remake construction and infrastructure projects across India and beyond."
Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market has become one of India’s fastest-growing and profitable startups, targeting the $140-billion construction materials market with a strong emphasis on the infrastructure sector.
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