The construction and real estate sectors are critical for India to achieve its goal of being a $5T economy by 2024-25. The largely unorganised industry, on the other hand, is plagued by inadequate supply chain visibility, inefficient logistics, significant price variation in commodities, quality control, and project cost overruns. Infra.Market and other companies are quickly altering that.
India’s construction-focused marketplace unicorn Infra. Market has raised $50M in growth capital from the Liquidity Group’s Mars Unicorn Fund.
Infra.Market intends to use the additional funding to expand into broader worldwide markets and expand its position across product verticals, particularly in the chemical sector. The financing would be excellent to lead the business’s growth across regions, as the startup is focused on entering new markets around the world, according to the B2B unicorn.
The company previously raised over $53M in debt investment from over 100 investors in December of last year.
Infra.Market, founded in 2016 by Aaditya Sharda and Souvik Sengupta, is an online construction solutions company that employs technology to provide customers with fair pricing and a better procurement experience. It wants a piece of the $140B construction materials business, with a particular focus on infrastructure.
In the construction materials industry, the startup serves both institutional customers (B2B) and retail shops (D2R). Infra.Market claims to have consistently increased supply to retail outlets over the last year while adopting a dual model of flagship and dealership stores. It currently supplies 16 Indian states and exports to Dubai, Jordan, Italy, and Singapore, among other countries.
“At Infra.Market, we’re on a mission to establish the next normal in construction and to reshape the world’s largest ecosystem through technology,” said Infra.Market co-founder Souvik Sengupta. “Our end-to-end logistics and supply chain solution is changing materials procurement for construction and real estate companies and enabling the success of India’s investment in its infrastructure.”
“Liquidity is using technology to transform capital credit markets with unrivaled speed and accuracy,” Liquidity’s CEO Ron Daniel said. “At each step in the process, our evaluation of Infra.Market showed a company delivering on its promise to remake construction and infrastructure projects across India and beyond.”
Chemical.Market, a B2B fulfilment platform for the chemical sector, was launched by Infra.Market in 2021.
India’s chemical sector is expected to be worth $75B, according to Chemcial.Market
According to Infra.Market, Chemical.Market is attempting to rethink chemical commerce in India and throughout the world.
In February last year, Infra.Market became a unicorn after obtaining $100M in a Series C fundraising round sponsored by Tiger Global. In addition to Accel Partners, Nexus Venture Partners, Sistema Asia Fund, Evolvence India Fund, and Foundamental Gmbh, the round included Accel Partners, Nexus Venture Partners, Nexus Venture Partners, Sistema Asia Fund, Evolvence India Fund, and Foundamental Gmbh.