Infra.Market Secures Additional $50 Million from MARS Growth Capital
Infra.Market, which operates a B2B construction materials platform in Mumbai, has raised a further $50 million in debt funding from MARS Growth Capital, a joint fund launched by Liquidity Group and Japan’s MUFG Bank. This latest funding takes the overall amount of funding from MARS to $150 million, which reflects consistent investor confidence in the business model and growth prospects of the company.
The funds will be used to fuel Infra.Market’s continued growth plans, both within India and global markets. Much of it will go into scaling its export business and building capacity for subsidiary Chemical.Market, which operates in construction chemicals—a fast-emerging vertical in the global infrastructure supply chain.
Infra.Market, established in 2016, became a unicorn in 2021 and is today valued at approximately $2.5 billion. The firm has posted more than $1 billion revenue annually and is likely to double this number in the near future. Worth mentioning is that exports currently contribute over 25% towards its top line, with increasing footprints in Southeast Asia and the Middle East.
MARS Growth Capital had earlier invested in Infra.Market in 2022 and 2024, and the repeat investment indicates a firm consensus with the company’s plans for going public. The new capital will also enable Infra.Market to streamline operations, spend on technology, and have a financial cushion as it weighs up for a possible public offering.
As Infra.Market goes on to shake up the disjointed construction materials market using tech-driven procurement, this fresh funding round reinforces the rising investor demand for scalable, supply-chain centric startups in the real estate and infrastructure space.
