IPO-bound Infra.Market gets additional $50 million as debt
The deal includes a five-year extension of its existing $100 million facility and an additional $50 million credit line.
This is the company's second fundraising this year, following a $125 million equity round.
Founded in 2016, Infra.Market operates a tech-enabled building materials platform that caters to institutional and retail buyers.
The company offers more than 15 product categories ranging from concrete and steel to appliances and modular kitchens. It also holds strategic stakes in RDC Concrete, Shalimar Paints, Emcer, Millennium Tiles, and Amstrad, and operates across over 10,000 retail outlets in India.
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According to the company, Infra.Market is now the second-largest player in India by revenue in the ready-mix concrete segment and ranks second by capacity in both AAC blocks and flooring tiles. Its network spans over 250 manufacturing units across the country.
Infra.Market said the fresh financing will support ongoing expansion across infrastructure, industrial, and building construction segments in the $255 billion Indian building materials market. The company is also exploring international opportunities.
"We're scaling to become India's largest construction materials platform, with an integrated offering across the value chain," said Co-founder Souvik Sengupta. "This capital will help us grow both in India and globally."
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