Constructions materials marketplace Infra.Market to raise $54-M

Thane-based, IPO-bound building materials platform Infra.Market is to raise INR 481 crore (around USD 54.3 M) in its Series G funding round from Nikhil Kamath-founded NK Squared (who contributed about INR 200 crore to the round), along with existing investors Tiger Global, Accel India, Evolvence and Nexus Ventures.Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market , supplies building materials, including concrete, steel, pipes and fittings, plywood, fans, lights and kitchen and electrical appliances to procurement teams at real estate developers, contractors and architects.