RDC Concrete to raise $20-M from Ashish Kacholia, others

Ready-mix concrete company RDC Concrete, an unit of construction materials company Infra.Market, has raised USD 20 million in return for a 10% stake from investors led by Ashish Kacholia. RDC Concrete is expected to report a revenue of INR 2,000 crore in the current fiscal. Infra.Market had acquired RDC for USD 90 million in mid of 2021 when it had 49 ready-mix concrete (RMC) plants, which has currently grown to 100 plants across 48 cities. It expects to have around 180 RMC plants by the end of FY25.