Infra.Market Secures INR 1,050 Cr in Pre-IPO Funding The round saw participation from high-profile investors, including Tiger Global, Evolvence, Foundamental GmbH, Ashish Kacholia, Nikhil Kamath, Abhijit Pai, Sumeet Kanwar, Nuvama, and CapriGlobal.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Technology-enabled building materials platform Infra.Market has secured INR 1,050 crore in its pre-IPO funding round as it prepares for a public listing later this year, according to a filing with the Registrar of Companies (RoC).

This funding round has boosted the company's estimated valuation to Rs 24,147 crore.

The round saw participation from high-profile investors, including Tiger Global, Evolvence, Foundamental GmbH, Ashish Kacholia, Nikhil Kamath, Abhijit Pai, Sumeet Kanwar, Nuvama, and CapriGlobal.

Infra.Market is also partnering with eight prominent investment banks — Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities, HSBC Securities, Motilal Oswal Financial Services, and Nuvama Wealth Management — to guide its public listing. The company is expected to file its draft papers with SEBI soon.

Infra.Market offers a diverse range of products, both in-house and third-party, supported by a strong manufacturing infrastructure and a vast distribution network.

The company supplies key infrastructure projects, including the Mumbai Metro, bullet train, Apple's Foxconn factory, and Kempegowda Airport. Its recent retail expansion includes over 10,000 touchpoints and more than 30 exclusive flagship stores across India, offering construction materials like concrete, tiles, paint, and modular furniture.

For fiscal 2024, Infra.Market reported revenues of INR 14,530 crore and a profit after tax (PAT) of INR 378 crore.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Growing a Business

The 10 Best Podcasts Every Entrepreneur Should Listen to for Growth, Strategy and Success

Unlock your potential with the 10 must-listen podcasts for entrepreneurs, offering expert insights on growth, strategy and success.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Nikhil Kamath's WTFund Backs 22 Young Entrepreneurs with Grants & Mentorship

WTFund's second cohort, spanning 50+ cities, showcases startups across Tech, D2C, Edtech, Fintech, and more. Tier I drives AI/ML B2B solutions, while Tier II/III focus on vernacular-first B2C innovations.

News and Trends

15 Minutes or Free! Rebel Foods' QuickiES Sets a New Benchmark in Quick Commerce

Rolled out in Mumbai on Valentine's Day, QuickiES ensures that freshly prepared, high-quality dishes reach customers within 15 minutes—otherwise, the order is free.

Growth Strategies

JLR To Ramp Up Production Of Made In India Range Rover & Range Rover Sport; To Focus On SV Variants: Rajan Amba

We are focusing on tailor made limited edition cars, specifically for the Indian market, catering to the high net worth individuals (HNIs), says Rajan Amba, MD, JLR India