Infra.Market constructs $100m growth round

Feb 26, 2021 • Jordan Williams

The construction materials marketplace operator was valued at $1bn in a round featuring Sistema Asia Fund.

India-based construction materials marketplace provider Infra.Market has raised $100m in a growth financing round backed by Sistema Asia Fund, an investment vehicle for conglomerate Sistema, Bloomberg reported yesterday.

Hedge fund manager Tiger Global Management led the round, which valued Infra.Market at $1bn. It included construction-focused investment firm Foundamental, private equity vehicle Evolvence India Fund and venture capital firms Accel and Nexus Venture Partners.

Infra.Market was founded in 2016 and provides an e-commerce marketplace that enables businesses to procure high volumes…

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