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Infra.Market is reportedly preparing to raise around ₹500 crore in a fresh pre-IPO funding round, valuing the company at nearly ₹25,000 crore post-money as it gears up for its highly anticipated stock market debut.
The upcoming Series H round is expected to be the company’s final private fundraising exercise ahead of its planned IPO, which could be launched within the next four to six months, subject to market conditions and regulatory approvals.
The Mumbai-based construction materials platform is likely to attract participation from a mix of existing institutional investors, founders, and new investors. Existing backers such as Tiger Global, Accel, and Nexus Venture Partners are expected to participate alongside co-founders Aaditya Sharda and Souvik Sengupta.
According to reports, Infra.Market has already secured nearly ₹235 crore as part of the ongoing funding round through investors including Tiger Global, Accel, Evolvence India, Nexus Venture Partners, Ashish Kacholia, and Verity’s Sumeet Kanwar.
The fresh capital is expected to be used primarily for debt reduction, strengthening the company’s balance sheet, and improving its financial position ahead of the proposed public listing.
Infra.Market had earlier confidentially filed draft IPO papers with the Securities and Exchange Board of India (SEBI) for a proposed ₹5,000 crore public issue. Reports suggest the IPO could include a near-even split between a fresh issue of shares and an offer for sale (OFS) by existing investors.
The company’s valuation in the latest funding round marks a modest increase from its September 2025 Series G round, during which it raised approximately ₹732 crore at a valuation of nearly ₹24,600 crore.
Founded in 2016, Infra.Market operates as a technology-driven construction materials marketplace serving both B2B and retail customers. The platform offers products across categories such as ready-mix concrete, tiles, paints, and building materials while digitizing procurement and supply-chain processes in the construction sector.
Operationally, the company has continued to strengthen its financial performance. For FY26, Infra.Market is estimated to have reported revenue close to ₹20,000 crore, representing around 7 percent year-on-year growth. EBITDA reportedly stood at approximately ₹1,750–1,800 crore, with margins improving to nearly 9 percent.
Net profit is estimated to have risen to around ₹300–325 crore during FY26 compared to nearly ₹220 crore in the previous year, reflecting improving operating leverage and stronger profitability ahead of its IPO plans.
Infra.Market’s upcoming public issue is expected to be among the most closely watched IPOs in India’s startup and infrastructure ecosystem, particularly as investor appetite for profitable growth-stage companies continues to improve.
Source: https://www.moneycontrol.com/news/business/funding/infra-market-to-raise-rs-500-crore-in-pre-ipo-round-at-rs-25-000-crore-valuation-13911817.html
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