Thane-based Infra.Market raises additional $50 million debt as it prepares for IPO
Here’s a structured list based on the information provided:
Infra.Market Details
- Startup: Infra.Market
- Founders: Souvik Sengupta, Aditya Sharda
Fundraising Details
-
Fundraise Series: Debt Funding
- Amount Raised: $50 million (additional debt)
- Total Borrowing from Mars Growth Capital: $150 million
- Date: October 2025 (Assumed, based on context stating "second major raise in 2025")
- Previous Fundraising:
- Fundraise Series: Equity Funding
- Amount Raised: $121 million
- Investors: Tiger Global (existing investor)
- Date: January 2025
Investors
- Current Investors:
- Mars Growth Capital (joint venture between MUFG Bank and Liquidity Group)
- Tiger Global
- Accel
- Nexus Venture Partners
- Evolvence
Additional Information
- Product Offerings: Construction materials including ready-mix concrete, steel, tiles, plywood, kitchen appliances, etc.
- Expansion Plans: Use new funds for expanding product portfolio and geographical reach.
- IPO Preparation: Aiming to raise approximately $300 million with a planned listing in FY26.
Feel free to ask if you need more information or a different structure!
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2025-06-30 08:16:25