Infra.Market secures $ 50 mn from MARS Unicorn Fund

29 May 2024 CW Team

Infra.Market, a startup aiding construction and real estate firms in material procurement, announced on Tuesday that it had secured $50 million from MARS Unicorn Fund, a joint venture of Liquidity Group and MUFG.

The round increased MARS? investment in the company to $100 million. The fund had previously injected $50 million into Infra.Market in 2022.

Infra.Market aimed to utilize the proceeds from the latest raise to cater to newer global markets and expand its presence across product verticals.

Souvik Sengupta, founder of Infra.Market, stated, We are continuing to pursue our vision of establishing India?s largest multi-product construction materials brand and revolutionising the construction materials supply chain, not only in India but globally.

He added, We see growth opportunities as we rapidly expand our product portfolio and market presence. The launch of new verticals will assist us in penetrating newer markets and building a top-tier construction materials company originating from India.

The new investment, a primary fundraise structured with both debt and equity by Infra.Market?s Singapore unit, reportedly valued the startup at $ 2.5 billion.

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