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Infra.Market Secures $150 Million Debt Financing

Infra.Market, a leading building materials marketplace, has successfully obtained a $150 million debt financing package from Mars Growth Capital, a collaboration between Liquidity Group and MUFG Bank. This recent funding includes a $50 million increase to an existing $100 million facility, which has also been extended for an additional five years.

Notably, this marks Infra.Market’s second significant fundraising achievement in 2025. Earlier in the year, the Mumbai-based enterprise raised approximately $125 million in a Series D funding round with support from its existing investor, Tiger Global.

About Infra.Market

Established in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market delivers comprehensive solutions for building materials and caters to both institutional (B2B) and retail (B2R) markets. The company positions itself as the second-largest entity in India by revenue in the ready-mix concrete (RMC) arena and ranks second by capacity in the production of autoclaved aerated concrete (AAC) blocks and flooring tiles.

Market Expansion and Product Offerings

Infra.Market is aiming to capture a portion of India’s substantial $255 billion construction materials sector and is rapidly broadening its reach. Currently, the platform boasts over 15 product categories and is available at more than 10,000 retail locations, supported by over 250 manufacturing collaborations. Additionally, the company has invested in notable brands like RDC Concrete, Shalimar Paints, Emcer, Millennium Tiles, and Amstrad.

Valuation and Financial Growth

With backing from investors such as Tiger Global, Accel, Nexus Venture Partners, and Evolvence, Infra.Market was recently valued at approximately $2.5 billion. The company garnered attention in 2022 when it acquired a majority stake in RDC Concrete for around Rs 1,000 crore.

In terms of financial performance, Infra.Market’s consolidated gross revenue soared to Rs 14,530 crore in FY24, an increase from Rs 11,847 crore in FY23. Additionally, its profit experienced a remarkable increase of 2.4 times, reaching Rs 378 crore in FY24. Meanwhile, competitors like OfBusiness, Zetwerk, and Moglix reported gross revenues of Rs 19,296 crore, Rs 14,436 crore, and Rs 4,964 crore, respectively, during FY24.

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