Private Equity Private Equity Fund Investments
Marketplace for construction material Infra.Market raises $125-M led by Tiger Global
Thane-based online marketplace for construction materials Infra.Market has raised USD 125 million (about INR 928 crore) in a Series D round led by Tiger Global, valuing the company - that had turned unicorn in February - at USD 2.5 billion. It will use the funds to enhance its technological offerings, enter newer markets and advance its initiatives such as private label brands, direct to retail channel and exports, apart from increasing its presence across product verticals and look at acquisition opportunities.
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From the Venture Intelligence PE-VC Deal Database: Between Dec-20 and Jul-21, Infra.Market raised over $118-M from Alteria Capital, Foundamental, Sistema Asia Fund, Evolvence India, Accel India, Nexus Venture Partners, Tiger Global, Stride Ventures and InnoVen Capital.