your password has been reset successfully, Please login again.

Infra.Market Raises INR 143.26 Crore in Series A Funding Round

B2B marketplace, Infra.Market has lately raised INR 143.26 crore in its Series A funding round; Tiger global led the funding round in the startup company
BY BEx Bureau
Dec 02, 2019

B2B marketplace, Infra.Market has lately raised INR 143.26 crore in its Series A funding round. Tiger global led the funding round in the startup company.

Other investors that participated in the round include Nexus Venture Partners. Existing investor Accel also contributed to the round, VC Circle reported citing Infra.Markets statement.

The startup will employ funds for expansion in Indian cities like Hyderabad, Ahmedabad, and Chennai and also aims to grow its revenue from current $5 million per month to $20 million monthly, the company added.

The news comes following the Mumbai-based startup raised INR 25.04 crore in seed funding round from Accel in August this year. It raised $4.5 million in debt funding from online lending platform, Innoven Capital in September this year.

Other investors in the firm comprise Dhruv Agarwal, founder and CEO of Proptiger.

Infra.Market, which is administered by Hella Infra Market Ltd, was initiated in 2016 by Souvik Sengupta and Aaditya Sharda. Sharda, which is a former graduate of IIM Ahmedabad, has years of experience in infrastructure and competition segment.

Please add your Comment
April 22, 2020
In unfavourable conditions, Indian companies are taking panicked decisions and opting for bridge rou ...More
By Jaspreet Kaur
April 04, 2020
Aavishkaar has wholly exited from Sara Plast, which is a portable sanitation services company ...More
By Jaspreet Kaur
March 10, 2020
The startup essentially concentrates on hosting online events; its funding round was led by Accel In ...More
By Jaspreet Kaur
March 07, 2020
Singularity Automation is concentrated on firms working in the shared accommodation industry to hand ...More
By Jaspreet Kaur
February 28, 2020
MinionLabs essentially gives real-time understanding of energy consumption in electric appliances ...More
By Jaspreet Kaur
February 18, 2020
JSW Energy has got into a share procurement concord with GMR Energy Ltd to buy 100 per cent share in ...More
By Jaspreet Kaur
February 17, 2020
The Bengaluru-based company, NestAway Technologies Pvt. Ltd has bought apartment management and sec ...More
By Jaspreet Kaur
February 01, 2020
As per the agreement, Indiabulls will offer its share to t Embassy's stakeholders considering a swap ...More
By Jaspreet Kaur
January 27, 2020
As per the concord, the Germany-based company will buy nearly 99 per cent of the equity share capita ...More
By Jaspreet Kaur
January 25, 2020
Tiger Global and Steadview Capital recently made offerings of INR 277.81 crore in SaaS company, Logi ...More
By Jaspreet Kaur
January 25, 2020
The Noida-based payment solutions firm, Pine Labs Pvt. Ltd has secured undisclosed funding from the ...More
By Jaspreet Kaur
January 24, 2020
Jaipuria Group-backed PepsiCo bottler has lately invested INR 10 crore in pre-Series A funding round ...More
By Jaspreet Kaur