Infra.Market, an Indian startup focused on revolutionizing the construction and real estate industry, has recently secured a significant investment of $50 million from the MARS Unicorn Fund. This latest funding round aims to support the company’s plans for overseas expansion. The MARS Unicorn Fund, a joint venture between the Liquidity Group and MUFG (a Japanese bank), is not new to Infra.Market, as it had previously invested $50 million back in 2022. With this new injection of funds, Infra.Market’s valuation has reached an impressive $2.6 billion.
One of the key ways in which Infra.Market is disrupting the manufacturing sector in India is by introducing load cells into manufacturing facilities. These load cells enable companies to have better control over quality and help them source superior raw materials. Additionally, Infra.Market facilitates collaborations between businesses, allowing them to connect with suppliers that offer better raw materials and offer guidance on pricing. This is a significant breakthrough in India, where the construction industry is highly fragmented and characterized by numerous small players that often lack the resources and expertise to optimize their operations.
Infra.Market’s innovative technology has proven to be transformative for small manufacturers, enabling them to attract larger clients and expand their reach beyond India’s borders. The startup has successfully attracted clients from countries such as Bangladesh, Malaysia, Singapore, and Dubai. By providing high-volume construction products under its own brands, Infra.Market caters to both institutional customers and retail outlets in the construction materials sector.
Souvik Sengupta, the founder and CEO of Infra.Market, expressed his excitement about the company’s growth, stating that they are working towards becoming India’s largest multi-product construction materials brand. Sengupta also highlighted their mission to revolutionize the construction materials supply chain on a global scale, not just within India.
Infra.Market’s success has been supported by prominent investors such as Accel, Nexus, Fundamental, and Tiger Global. Over the past year, the startup has significantly increased its supply to retail outlets and expanded its reach across 20 Indian states. Furthermore, Infra.Market has successfully exported its products to international markets including Dubai, Singapore, and Italy.
Ron Daniel, the co-founder and CEO of the Liquidity Group, praised Infra.Market for its commitment to transforming the construction and infrastructure landscape in India. Daniel emphasized how technology is playing a crucial role in reshaping capital credit markets, and Infra.Market has proven itself capable of delivering on this promise.
The recent investment from the MARS Unicorn Fund is a significant milestone for Infra.Market as it continues to disrupt and reshape the construction and real estate industries. With its expansion plans into international markets and the ongoing development of new verticals, Infra.Market is well-positioned to become a leading global player in the construction materials sector. The startup’s innovative approach, coupled with its strong investor backing, sets the stage for continued growth and success in the years to come.