Building materials supplier Infra.Market has secured ₹1,050 crore ($121M) in a pre-IPO round from Tiger Global, Evolvence, Foundamental, Nuvama, Capri Global, and individual investors like Zerodha’s Nikhil Kamath and Ashish Kacholia. This funding boosts its valuation to $2.8B, up from $2.5B in May 2023.

Operating across 250+ plants, warehouses, and logistics hubs, Infra.Market offers 15+ building material categories, including concrete, sanitaryware, and consumer durables. It has grown via strategic acquisitions like Equiphunt (construction equipment rental) and RDC Concrete.

Notably, Infra.Market sold a 10% stake in RDC Concrete in November 2023 to a group led by Kacholia. The startup continues its impressive growth trajectory as it gears up for its IPO.