Private Equity Fund Investments
Tiger Global set to invest addnl $125-M in construction sector procurement co Infra.Market
Tiger Global will invest an additional USD 125 million in Infra.Market, valuing the Thane-based technology startup at about USD 2.5 billion. The company, which was valued at USD 1 billion in a funding round last year, will use the fresh funds for capital expansion in the domestic market. Tiger Global had participated in a USD 20 million funding round in 2019 along with Evolvence India Fund, Sistema Asia Fund, Foundamental, Accel and Nexus. Founded in 2017 by Souvik Sengupta and Aaditya Sharda, the startup aims to change construction and real estate companies procure materials such as cement, fly ash, ready mix concrete and construction chemicals for their projects. It has regional offices in Noida, Gurugram, Delhi, Kochi, Bengaluru, Hyderabad, Pune and Nashik. In 2019, the company launched Infra.Market Export initiatives in three countries.
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