Infra.Market has raised an additional $50 Mn (INR 427.41 Cr) in debt funding from Mars Growth Capital as it prepares for a public listing.
Mars Growth Capital extended its existing $100 Mn facility by five years and increased the commitment by an additional $50 Mn, totaling its investment support to $150 Mn.
Infra.Market, founded in 2016, manufactures construction materials and raised INR 1,050 Cr ($121 Mn) in January this year at a valuation of about $2.8 Bn.
The company, with a B2B, retail, and B2C network, has raised over $800 Mn from investors like Tiger Global, Accel, and Nexus Ventures, with recent debt funding from SK Finance Ltd.