Infra.Market Secures Pre-IPO Funding of Rs 500 Crore at Valuation of Rs 25,000 Crore

Infra.Market Seeks Rs 500 Crore in Fresh Funding Round Ahead of IPO

Mumbai-based construction materials platform Infra.Market is poised to raise approximately Rs 500 crore in a fresh pre-IPO funding round at a post-money valuation of around Rs 25,000 crore. The Series H round is expected to close within the next few weeks, marking the company's final private capital raise before its planned stock market listing.

The round is likely to see participation from a mix of new investors, existing institutional backers, and the company's founders. Existing investors, including Tiger Global, Accel, and Nexus Venture Partners, are expected to participate alongside co-founders Aaditya Sharda and Souvik Sengupta. While the new investors could not be ascertained, sources indicate that a family office may participate in the round.

The fresh capital is expected to be used partly to reduce debt and strengthen the balance sheet ahead of the IPO. Infra.Market has already raised around Rs 235 crore as part of the ongoing Series H financing, with investors in this tranche including Tiger Global, Accel, Evolvence India, Nexus Venture Partners, Ashish Kacholia, and Verity's Sumeet Kanwar.

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The latest fundraise comes at a marginal increase from the company's previous funding round, which raised Rs 732 crore in a Series G round in September 2025 at a valuation of around Rs 24,600 crore. Infra.Market has raised more than $500 million in funding since inception, according to publicly available data.

The company confidentially filed draft IPO papers with the Securities and Exchange Board of India for a proposed Rs 5,000 crore public issue in recent months. After receiving SEBI's observations in January 2026, the company is now targeting a public listing within the next four to six months, subject to market conditions and regulatory approvals.

Infra.Market's operating performance has improved significantly, with estimated consolidated revenue of close to Rs 20,000 crore for FY26, up around 7 percent from roughly Rs 18,500 crore in FY25. EBITDA for the year stood at around Rs 1,750-1,800 crore, with margins improving to roughly 9 percent from about 8 percent a year earlier. Net profit rose to around Rs 300-325 crore in FY26 from nearly Rs 220 crore in FY25.

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Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market operates a technology-enabled platform across multiple construction material categories, including ready-mix concrete, steel, paints, electricals, and modular kitchens.