Infra.Market Secures $150 Million from Mars Growth Capital to Boost Construction-Tech Play
Mumbai-based construction materials startup Infra.Market has secured a fresh debt financing facility of $150 million from Mars Growth Capital, a joint venture between Liquidity Group and MUFG Bank. The deal includes a $50 million top-up to an earlier $100 million facility, which has now been extended for another five years.
This marks Infra.Market’s second major capital raise in 2025. Earlier this year, the company had bagged approximately $125 million in a Series D round from existing investor Tiger Global.
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Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market provides end-to-end solutions for building materials across B2B and B2R (business-to-retail) segments. It is currently India’s second-largest player by revenue in ready-mix concrete (RMC), and second by capacity in autoclaved aerated concrete (AAC) blocks and flooring tiles.
The company is targeting India’s $255 billion construction materials market. With a product portfolio spanning over 15 categories, Infra.Market has expanded to more than 10,000 retail touchpoints and built 250+ manufacturing partnerships across the country. It also holds investments in leading brands like RDC Concrete, Shalimar Paints, Emcer, Millennium Tiles, and Amstrad.
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The company’s consolidated gross revenue rose to INR 14,530 crore in FY24 from INR 11,847 crore in FY23, while profits jumped 2.4X to INR 378 crore. Infra.Market’s performance is comparable with competitors like OfBusiness (INR 19,296 crore), Zetwerk (INR 14,436 crore), and Moglix (INR 4,964 crore) in FY24.
Backed by marquee investors including Tiger Global, Accel, Nexus Venture Partners, and Evolvence, Infra.Market was last valued at around $2.5 billion. The current debt raise underscores the company’s push to deepen market penetration and strengthen its leadership in the construction-tech segment.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
