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Procurement marketplace Infra.Market raises Rs.100-Cr from Alteria Capital

Mint  

Newly turned unicorn Infra.Market has raised INR 100 crore in venture debt funding from Alteria Capital. Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market is a procurement marketplace which ties up with contract manufacturers and gets them to use idle capacity and manufacture products for its own brand. It is trying to disrupt the way in which companies procure their building materials by bringing standardization, quality and predictability in the supply chain. Infra.Market recently achieved unicorn status when it raised its series C round of USD 100 million led by Tiger Global with participation from Accel Partners, Nexus Venture Partners and Evolvence India Fund.