Infra.Maket, a Mumbai, India-based construction material solutions company, raised additional USD50M in funding.
Backers included MARS Unicorn Fund, Liquidity, and MUFG.
The company intends to use the funds to expand operations and development efforts.
Founded in 2016 by Souvik Sengupta and Aaditya Sharda and valued today at $2.5 Billion, Infra.Market is a construction solutions company in India that specializes in business planning and smart use of technology to supply over 15 different building material product categories including Concrete, AAC Blocks, Steel, Pipes & Fittings, MDF, Plywood, Laminates, Tiles, Bath Fittings & Sanitary, Fans, Lights, Kitchen and Electrical Appliances, Modular Kitchens & Wardrobes, Designer Hardware and Paints.
Commenting on the news, Souvik Sengupta said: “We continue to build on our vision of creating India’s largest multi-product construction materials brand and transforming the construction materials supply chain, not only in India, but also globally. We are seeing growth opportunities as we are rapidly expanding our product portfolio and market presence, and the launch of new verticals will help us seed newer markets and create a best-in-class construction materials company out of India.”
FinSMEs
29/05/2024