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Construction-tech company Infra.Market gears up for $700M IPO as private labels drive growth
- Infra.Market, a construction-tech company, is gearing up for a $700 million IPO with a valuation target of $3-5 billion, expected to file its draft prospectus by June.
- The company raised over $120 million in a pre-IPO funding round in January, bringing its total funding to $487 million, with private labels driving growth.
- Infra.Market manufactures and supplies building materials across 15 categories under its own brands, focusing on private labels that contribute 64% of revenue.
- Founded in 2016, it operated profitably for three years before raising capital in 2019 and has over 250 tech-integrated manufacturing plants in 55+ cities.
- The company's revenue from operations grew 23% in FY24 to Rs 14,530 crore, with plans to achieve a revenue of Rs 18,000 crore in FY25 driven by private-label manufacturing.
- Infra.Market's expansion includes acquisitions like RDC Concrete and Shalimar Paints, with a focus on automation in supply chain and manufacturing processes.
- The digital infrastructure of Infra.Market leverages AI-driven automation to ensure demand planning, quality control, pricing transparency, and supply predictability.
- As the company prepares for its IPO, it aims to build India's first multi-product, multi-channel building materials platform, emphasizing increasing wallet share from existing projects.
- Infra.Market's recent $120 million pre-IPO funding round will strengthen its balance sheet and enhance working capital, with a focus on paying off debts and business expansion.
- The company's focus on efficiency, customer value, and strategic growth opportunities showcases investor confidence and future prospects in the construction industry.
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