Infra Market, a leading B2B and retail (B2R) marketplace for construction materials, has secured $150 million in debt financing from Mars Growth Capital, a joint venture between Liquidity Group and MUFG Bank. This capital includes a $50 million top-up to an existing $100 million facility, now extended by five more years.
This development comes shortly after Infra. Market’s $125 million Series D equity round earlier in 2025, led by Tiger Global, reinforcing the company’s aggressive expansion in the $255 billion Indian construction materials industry.
Key Highlights
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💰 Funding Secured: $150 million in total debt
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➕ Top-Up: $50M added to existing $100M facility
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⏳ Extension: Repayment window extended by 5 years
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🏗️ Target Sector: India’s $255B construction materials market
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📊 FY24 Revenue: ₹14,530 Cr (up from ₹11,847 Cr in FY23)
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📈 FY24 Profit: ₹378 Cr (2.4X growth YoY)
Infra.Market: Powering India’s Construction Backbone
Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market digitizes and streamlines the construction materials supply chain across India. The platform caters to both B2B institutional buyers and retail customers, offering:
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✅ 15+ product categories
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✅ 10,000+ retail touchpoints
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✅ 250+ manufacturing partners
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✅ Operations across Tier 1 to Tier 3 cities
The company is India’s second-largest player by revenue in ready-mix concrete (RMC) and second-largest by capacity in AAC blocks and flooring tiles.
Strategic Investments Strengthening Market Reach
Infra.Market has made notable strategic moves to dominate the construction ecosystem. Key investments include:
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RDC Concrete – Acquired for approx. ₹1,000 crore
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Shalimar Paints – Expanding its decorative paints vertical
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Millennium Tiles, Emcer, and Amstrad – Diversifying product offerings in tiles and appliances
These acquisitions have helped Infra.Market evolve into a vertically integrated construction materials powerhouse.
Strong VC Backing and Billion-Dollar Valuation
Infra.Market has been backed by some of the world’s most prominent venture capital firms, including:
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🐯 Tiger Global
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🚀 Accel
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🌐 Nexus Venture Partners
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📊 Evolvence India Fund
The company currently holds a valuation of $2.5 billion, positioning it among the top-tier unicorns in India’s B2B commerce and infrastructure-tech space.
Competitive Landscape
In FY24, Infra.Market competed closely with other Indian industrial supply startups:
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OfBusiness: ₹19,296 Cr revenue
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Zetwerk: ₹14,436 Cr
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Moglix: ₹4,964 Cr
Despite stiff competition, Infra.Market’s rapid growth in both revenue and profitability gives it a competitive edge in a fragmented industry.
📌 What This Means for India’s Infrastructure Growth
With this latest infusion of capital, Infra.Market aims to:
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🏭 Expand product lines and manufacturing capabilities
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🚚 Strengthen supply chain infrastructure
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🌍 Scale across emerging cities and underserved regions
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💻 Invest in AI-driven B2B procurement technology
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