Infra.Market: Building a Strong Foundation with Debt Financing
July 14, 2024, 3:30 pm
Location: India, Maharashtra, Thane
Employees: 501-1000
Founded date: 2016
Total raised: $697.67M
Infra.Market, a B2B e-commerce platform, recently secured a hefty sum of ₹150 crore in debt financing from various investors. This Mumbai-based startup, founded in 2016 by Souvik Sengupta and Aaditya Sharda, specializes in selling construction materials, infrastructure goods, and technical equipment. With a keen eye on the infrastructure sector, Infra.Market caters to both institutional customers and retail outlets in the construction materials industry.
The recent debt round saw participation from key players like Yubi, IKF Home Finance, and Samunnati Financial, among others. Yubi alone pumped in ₹80 crore, showcasing a strong vote of confidence in Infra.Market's potential. This funding comes on the heels of a previous debt round where the company raised ₹100 crore from SK Finance.
In addition to debt financing, Infra.Market has also been successful in raising substantial equity funding, totaling around $520 million. Investors like Tiger Global, Accel, and Nexus Ventures have shown their support for the company, positioning it as a formidable player in the market. Competing with the likes of OfBusiness, Moglix, and Zetwerk, Infra.Market has carved out a niche for itself in the construction materials space.
The recent equity round of ₹390 crore from Liquidity Group and Mitsubishi UFJ Financial Group's MARS Unicorn Fund further solidifies Infra.Market's position in the market. With a track record of impressive revenue growth and a strategic focus on the infrastructure sector, the company is poised for continued success in the coming years.
Despite facing challenges like a 17% decline in net profits in FY23, Infra.Market remains resilient and focused on its growth trajectory. The company's commitment to innovation and customer satisfaction sets it apart in a competitive landscape. As it continues to expand its market reach and offerings, Infra.Market is well-positioned to lead the way in the construction materials industry.
In conclusion, Infra.Market's recent debt financing round underscores its strong foundation and growth potential. With a solid team, strategic investors, and a clear vision for the future, the company is on track to achieve even greater success in the years to come.
The recent debt round saw participation from key players like Yubi, IKF Home Finance, and Samunnati Financial, among others. Yubi alone pumped in ₹80 crore, showcasing a strong vote of confidence in Infra.Market's potential. This funding comes on the heels of a previous debt round where the company raised ₹100 crore from SK Finance.
In addition to debt financing, Infra.Market has also been successful in raising substantial equity funding, totaling around $520 million. Investors like Tiger Global, Accel, and Nexus Ventures have shown their support for the company, positioning it as a formidable player in the market. Competing with the likes of OfBusiness, Moglix, and Zetwerk, Infra.Market has carved out a niche for itself in the construction materials space.
The recent equity round of ₹390 crore from Liquidity Group and Mitsubishi UFJ Financial Group's MARS Unicorn Fund further solidifies Infra.Market's position in the market. With a track record of impressive revenue growth and a strategic focus on the infrastructure sector, the company is poised for continued success in the coming years.
Despite facing challenges like a 17% decline in net profits in FY23, Infra.Market remains resilient and focused on its growth trajectory. The company's commitment to innovation and customer satisfaction sets it apart in a competitive landscape. As it continues to expand its market reach and offerings, Infra.Market is well-positioned to lead the way in the construction materials industry.
In conclusion, Infra.Market's recent debt financing round underscores its strong foundation and growth potential. With a solid team, strategic investors, and a clear vision for the future, the company is on track to achieve even greater success in the years to come.