Construction Tech Firm Infra.Market Raises INR 732 Cr Funding Led by Nikhil Kamath Silverline Homes, linked to co-founder Aaditya Sharda, contributed the largest share with INR 250 crore.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R] Souvik Sengupta and Aaditya Sharda, Co-founders of Infra.Market

Indian construction materials marketplace Infra.Market has secured INR 732 crore (USD 83 million) in fresh funding as it gears up for a public listing later this year.

The Thane-based startup closed its Series G round led by Nikhil Kamath's family office, NKSquared, which invested INR 200 crore. Silverline Homes, linked to co-founder Aaditya Sharda, contributed the largest share with INR 250 crore, while Tiger Global committed INR 176 crore through its Internet Fund. Existing backers Accel, Evolvence India, and Nexus Ventures also participated with smaller investments.

Reports indicate that both founders, Souvik Sengupta and Aaditya Sharda, arranged promoter financing to take part in the round. The fresh infusion has pushed Infra.Market's valuation to INR 24,600 crore (approx. USD 2.7 billion).

Founded in 2016, Infra.Market operates as an online platform that connects suppliers of construction materials with contractors and real estate developers. The company now runs 250 manufacturing units across 55 cities, offering products across 15 categories. Its private-label business contributes nearly two-thirds of overall sales, alongside acquisitions such as RDC Concrete, Shalimar Paints, and Emcer Tiles.

For the financial year ending March 2024, Infra.Market reported revenues of INR 14,530 crore, with profit after tax reaching INR 378 crore. The startup has been expanding its presence in tier II and III cities while strengthening its technology-driven supply chain and dealer network.

The company plans to file its draft red herring prospectus with the Securities and Exchange Board of India within weeks. According to Moneycontrol, Infra.Market is preparing for a USD 700 million initial public offering that could value the firm between USD 3 billion and USD 5 billion. Beyond adding liquidity, the recent round also increases the founders' collective stake to around 30 percent, formally establishing them as promoters.

Competitors in the segment include OfBusiness, Zetwerk, and Moglix.
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
Branding

Creating a Brand: How To Build a Brand From Scratch

Every business needs good branding to succeed. Discover the basics and key tips to building a successful brand in this detailed guide.

By John Williams
Innovation

It's Time to Rethink Research and Development. Here's What Must Change.

R&D can't live in a lab anymore. Today's leaders fuse science, strategy, sustainability and people to turn discovery into real-world value.

By Anantha Desikan
Marketing

How to Better Manage Your Sales Process

Get your priorities in order, and watch sales roll in.

By Tony Parinello
Business News

AI Agents Can Help Businesses Be '10 Times More Productive,' According to a Nvidia VP. Here's What They Are and How Much They Cost.

In a new interview with Entrepreneur, Nvidia's Vice President of AI Software, Kari Briski, explains how AI agents will "transform" the way we work — and sooner than you think.

By Sherin Shibu
Starting a Business

Passion-Driven vs. Purpose-Driven Businesses — What's the Difference, and Why Does It Matter?

Passion and purpose are both powerful forces in entrepreneurship, but they are not the same.

By Athalia Monae