Debt financing
Construction materials marketplace Infra.Market raises Rs.1,250-Cr from Singapore’s Ascertis Credit
Thane-based, IPO-bound building materials platform Infra.Market has raised INR 1,250 crore (USD 137 crore) in debt from Singapore-based private credit platform Ascertis Credit. The funding will involve hypothecating the company's assets and pledging promoter shares, as well as shares of group companies including RDC Concrete, Neptune Readymix, and Robo Quarries.Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market operates as a marketplace for construction materials and manufactures its own private label brands. It offers a platform for selling ready-mix concrete, tiles, and paints under brands such as RDC Concrete, Million Tiles, and Shalimar Paints.The newly raised capital is intended for refinancing existing debt, capital expenditure, and future mergers and acquisitions.
Between Jun 2019 and Sep 2025, Infra.Market had attracted about USD 954 M from Accel India, Nexus Venture Partners, Tiger Global, Trifecta Capital, Evolvence, Foundamental, Sistema Asia Fund, InnoVen Capital, Stride Ventures, Alteria Capital, Avendus, BlackSoil Capital, Mars Growth Capital, Varde Partners, Capri Global Holdings and others.For FY25, Infra.Market had reported about INR 6,053 Cr in Operating Income and about INR 133 Cr in PAT.
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