Infra.Market is India’s fastest-growing building materials platform, offering end-to-end solutions across the construction value chain, today announced that MARS Growth Capital, a joint venture between Liquidity, the global AI-driven private credit firm, and MUFG Bank, Ltd has extended terms of the existing financing of $100 million USD by another five years and also enhanced the financing amount by an additional $50Mn. This additional financing by MARS in Infra.Market takes its total investment up to $150 Million.
Northcote Luxe FinBrokers were the exclusive advisors to Infra.Market for this transaction.
Souvik Sengupta, Co-Founder, Infra.Market says, “We continue to build on our vision of creating India’s largest building materials platform, offering end-to-end solutions across the construction value chain, not only in India, but also globally. We are seeing growth opportunities as we are rapidly expanding our market presence, and create a best in class construction materials company out of India.”
Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market is a building materials platform, offering end-to-end solutions across the construction value chain. With a robust network of 250+ manufacturing units and strategic investments in RDC Concrete, Shalimar Paints, Emcer, Millennium Tiles, and Amstrad, the company also operates through 10,000+ retail touchpoints across India. Infra.Market is the only platform delivering 15+ product categories including Concrete, Walling Solutions, Steel, Aggregates, Pipes & Fittings, MDF, Plywood, Laminates, Tiles, Paints, Modular Kitchens, Designer Hardware, Electricals, Appliances, and Consumer Durables, among others, ensuring reliability, scale, and quality across every stage of construction
Infra.Market caters to both institutional customers (B2B) and retail outlets (B2R) in the building materials sector. Infra.Market has today established itself as second largest player by revenue in the Ready Mix Concrete (RMC), second largest player by capacity in Autoclaved Aerated Concrete (AAC) blocks and second largest player by capacity in flooring tiles in India.
Infra.Market is targeting the $ 255 billion USD (INR 21,934 billion) building materials market, with a focus on the infrastructure, industrial and building construction sector.
This is the company’s second fund raising for the year. The company had raised approximately $125 Million (INR 10 billion) in in Series D financing round earlier this year.
Commenting on the transaction, Ron Daniel, Co-Founder & CEO, Liquidity Group, says, “We are proud to deepen our partnership with Infra.Market as the company continues to redefine what’s possible in India’s infrastructure sector. This $150 million potential commitment reflects our conviction in Infra.Market’s vision and execution, as well as the transformative impact it is having across the construction value chain. By combining Liquidity’s technology-driven approach and underwriting capabilities with Infra.Market’s scale and ambition, we are enabling sustainable growth and supporting Infra.Market’s emergence as a global infrastructure leader. We look forward to powering Infra.Market’s expansion in India and beyond over the next five years.”
