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Thane-based construction materials marketplace Infra.Market has raised Rs732 crore ($83 million) in a Series G funding round, marking a strategic step toward its anticipated public listing later this year. The round was led by Nikhil Kamath’s family office, NKSquared, which invested Rs200 crore. Silverline Homes, linked to co-founder Aaditya Sharda, contributed Rs250 crore—the largest single investment in this round.
Tiger Global joined with Rs176 crore via its Internet Fund, while existing backers Accel, Evolvence India, and Nexus Ventures made smaller follow-on investments. Founders Souvik Sengupta and Aaditya Sharda also infused capital through promoter financing, aiming to increase their combined stake to nearly 30%, thereby formally qualifying as promoters.
Infra.Market operates a digital platform that connects construction material suppliers with contractors and developers across India. The latest funding pegs its valuation at Rs24,600 crore. According to Moneycontrol, the company plans to file its draft red herring prospectus (DRHP) with SEBI in the coming weeks, with a Rs5 billion IPO target in sight.
The capital infusion is expected to bolster liquidity, strengthen market positioning, and support Infra.Market’s expansion plans as it transitions from a high-growth startup to a publicly listed enterprise.
