Infra.Market raises Rs 100 cr debt funding from Alteria Capital
ECONOMY & POLICY

Infra.Market raises Rs 100 cr debt funding from Alteria Capital

Construction materials marketplace Infra.Market has raised Rs 100 crore in venture debt funding from Alteria Capital.

The investment came after Infra.Market hit the unicorn status this year in February, raising $100 million in Series C round led by the existing trader Tiger Global with Accel, Nexus Venture Partner and Evolvence India Fund.

Alteria Capital is India's largest venture debt provider, having a corpus of Rs 2,300 crore in two funds. Recently, it has raised commitments of Rs 1,325 crore from domestic investors for its second venture debt funding.

Alteria Capital has backed companies like Rebel Food, Dealshare, BharatPe, Zestmoney, Spinny, Lendingkart, Dunzo, and Portea.

Infra.Market is a marketplace that uses technology to provide an enhanced procurement experience for people in the construction ecosystem. It provides products like ready-mix concrete, fly ash, and construction chemicals.

The company supplies institutional customers (B2B) and retail outlets (D2R) in the construction material industry. It supplies materials across ten states in India and exports to Dubai, Singapore, Bangladesh, and others.

In December 2020, Tiger Global participated when Infra.Market raised about Rs 144 crore as a part of its Series B funding from its three new investors, Evolvence India Fund, Sistema Asia Fund and Fundamental.

In December 2019, Infra.Market raised around Rs 144 crore in its Series A funding round led by Tiger Global.

Previously, Infra.Market had raised about Rs 25 crore in August 2019 in a seed funding round from Accel.

Image Source


Also read: Reliance Infrastructure to raise Rs 550 cr from promoters

Also read: Parinee Realty raises over Rs 325 cr for commercial project in Worli

Construction materials marketplace Infra.Market has raised Rs 100 crore in venture debt funding from Alteria Capital. The investment came after Infra.Market hit the unicorn status this year in February, raising $100 million in Series C round led by the existing trader Tiger Global with Accel, Nexus Venture Partner and Evolvence India Fund. Alteria Capital is India's largest venture debt provider, having a corpus of Rs 2,300 crore in two funds. Recently, it has raised commitments of Rs 1,325 crore from domestic investors for its second venture debt funding. Alteria Capital has backed companies like Rebel Food, Dealshare, BharatPe, Zestmoney, Spinny, Lendingkart, Dunzo, and Portea. Infra.Market is a marketplace that uses technology to provide an enhanced procurement experience for people in the construction ecosystem. It provides products like ready-mix concrete, fly ash, and construction chemicals. The company supplies institutional customers (B2B) and retail outlets (D2R) in the construction material industry. It supplies materials across ten states in India and exports to Dubai, Singapore, Bangladesh, and others. In December 2020, Tiger Global participated when Infra.Market raised about Rs 144 crore as a part of its Series B funding from its three new investors, Evolvence India Fund, Sistema Asia Fund and Fundamental. In December 2019, Infra.Market raised around Rs 144 crore in its Series A funding round led by Tiger Global. Previously, Infra.Market had raised about Rs 25 crore in August 2019 in a seed funding round from Accel. Image Source Also read: Reliance Infrastructure to raise Rs 550 cr from promoters Also read: Parinee Realty raises over Rs 325 cr for commercial project in Worli

Next Story
Infrastructure Urban

Hyderabad Ranked Fastest Growing City for Infra Development

Hyderabad has emerged as the fastest-growing city in India among the top six, excelling in key areas such as governance, socio-economic profile, physical infrastructure, and real estate. According to the latest India Prime City Index report by Knight Frank India, the city has experienced remarkable growth, driven by extensive infrastructure projects, a surge in real estate demand, and a rising population of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs). Proactive policy initiatives have also played a role in enhancing the city’s socio-economic landscape. F..

Next Story
Infrastructure Energy

Tamil Nadu Explores PPP Route for Rs 4,500 Crore Power Transmission Project

In a pioneering move, the Tamil Nadu Transmission Corporation (Tantransco) is venturing into the tariff-based competitive bidding (TBCB) model to develop a new greenfield 765/400 kV substation in the Coimbatore region. This initiative, part of a larger power transmission project worth Rs 4,500 crore, also includes the development of 240 kilometers of transmission lines extending from Ariyalur to Tirupur, where the new facility will be established. This decision marks a significant shift from traditional state-funded projects to public-private partnership (PPP) models. The 765 kV substation, lo..

Next Story
Infrastructure Transport

Port Delays and Red Tape Strain India's Steel User Units: GTRI

India’s steel industry, which is crucial for the country's economic growth, is currently facing a significant crisis. Over 10,000 steel user units across the country are grappling with operational and financial difficulties due to prolonged port delays, burdensome regulatory requirements, and the slow pace of clearance procedures at customs. According to the Global Trade Research Initiative (GTRI), these delays and complications are seriously affecting production timelines and export capacities, threatening the competitiveness of India's steel sector in the global market. The GTRI has pointe..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000