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Infra.Market
A digital platform providing procurement and supply chain solutions for construction materials.
Founded
2016
Headquarters
Thane (India)
Status
Series F
Company Details
Infra.Market is India’s tech-enabled construction materials platform, orchestrating a vertically integrated ecosystem across 15+ product categories—from foundation (concrete) to finish (modular kitchens). The company leverages proprietary AI-driven logistics and demand forecasting to serve 10,000+ projects (including Mumbai Metro, Navi Mumbai Airport, and Adani LNG Terminal) via 250+ manufacturing units and 12,000+ dealer touchpoints.Strategic acquisitions like Shalimar Paints and exclusive brand portfolios (RDC Concrete, Emcer, IVAS) cement its dominance in India’s infrastructure boom.
Core Products and Services
Core Construction: Concrete, AAC blocks, steel, pipes, tiles, and aggregates.
Finishing Solutions: Paints (Shalimar), bath fittings, sanitaryware, modular kitchens, designer hardware.
Electricals & Appliances: Fans, lights, consumer durables.
Private Label Brands: RDC Concrete (concrete), Emcer (premium tiles), IVAS (mass-premium surfaces), Millennium Tiles (economy segment).
Tech Platform: AI-driven procurement, logistics tracking, and project lifecycle management.
Business Model & Revenue Streams
Product Sales (100%): B2B institutional (70%), B2R retail (30%).
Revenue: ₹14,530 crore (Concrete: 45%, Tiles: 20%, Paints: 15%, Other: 20%).
Margins: 7.5% EBITDA (₹1,096 crore), 2.6% PAT (₹378 crore).
Customer Segmentation
B2B (70%): EPC contractors (L&T, Tata Projects), real estate developers (Runwal, Hiranandani).
B2R (30%): Retail dealers and franchise stores (30+ exclusive outlets).
Top Clients & Partnerships
Marquee Projects: Delhi Metro, Kochi Metro, NHAI, Kempegowda Airport.
MARS Growth Capital: $150M debt facility for manufacturing capex.
Tiger Global/Accel: Anchor investors in pre-IPO rounds.
Government Contracts: Indirect supply to 40% of infrastructure projects via EPC partners.
Manufacturing Partners: 250+ units (concrete, AAC blocks, tiles).
Future Outlook & Strategic Priorities
IPO Launch: Targeting $700M listing (Diwali 2025) at $3–5B valuation.
Category Dominance: Scale AAC blocks (India’s largest manufacturer) and tiles (2nd largest capacity).
Global Expansion: 25–30% export revenue from UAE, Singapore, Italy.
Debt Pressure: ₹1,600 crore FY26 repayments; India Ratings downgrade to BBB+.
Key Metrics
Total Equity Funding
$692 Million
No. of Funding Rounds
18
Latest Funding Round
$125 Million, Series F
as of January 23, 2025
Post Money Valuation
$2.8 Billion
as of June 30, 2025
Funding Multiple
4.05
as of June 30, 2025
Investors
Tiger Global Management
and 2 moreEmployee Count
2270
Similar Companies
Yojak
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| January 23, 2025 | Series F | $125 Million | $2.8 Billion | - | - | Tiger Global, Evolvence, Foundamental |
| September 5, 2024 | Series E | $17.9 Million | - | - | - | Alteria Capital |
| May 31, 2024 | Series E | $50 Million | - | - | - | Mars Growth Capital |
| June 13, 2022 | Series D | $50 Million | $1 Billion | - | - | Evolvence India, Accel, Tiger Global Management, Mars Growth Capital, Sistema |
| August 3, 2021 | Series D | $125 Million | - | $450 Million | - | Tiger Global Management |
| February 25, 2021 | Series C | $100 Million | - | $158 Million | - | Tiger Global Management, Accel, Alteria Capital, Nexus Venture Partners, Foundamental, Evolvence India, Sistema, Stride Ventures, Innoven Capital |
| December 1, 2020 | Series B | $20 Million | - | $138 Million | - | Evolvence India, Foundamental, Sistema, Accel, Nexus Venture Partners, Tiger Global Management |
| December 2, 2019 | Series A | $20 Million | - | $39.5 Million | - | Tiger Global Management, Nexus Venture Partners, Accel |
| June 26, 2019 | Seed | $3.5 Million | - | $19.2 Million | - | Accel |