Infra.Market, an Indian company that assist real estate and construction firms to get materials, has raised $50 million from MARS Unicorn Fund as it hopes to extend activities abroad, the organizations told TechCrunch. MARS Unicorn Fund, a joint company between Artificial intelligence driven Fund Liquidity Group and Japanese bank MUFG, is a current sponsor of the Mumbai-based startup, having infused $50 million in it in 2022.
The new venture, an essential fundraise pledges by Infra.Market’s Singapore unit, esteems the startup at $2.5 billion — holding the 2021 Series C’s valuation.
Infra.Market is endeavouring to change the way private ventures opin India’s manufacturing area.
By introducing its load cells in manufacturing offices, for example, Infra.Market assists organizations with having a superior grasp on quality control and helps them source better raw components & materials. Additionally its clients work with different organizations that can give them better raw materials and give direction on costing.
This is a significant issue in India, where the development business is exceptionally divided and overwhelmed by small players who come up short on assets & mastery to streamline their tasks and operations. The start-up says its tech has assisted small makers with drawing in bigger clients and extend their reach over India, gaining clients in Bangladesh, Malaysia, Singapore, and Dubai.
Infra.Market says it offers high-volume construction items under its own brands. The start-up takes special focus & caters both institutional clients and retail outlets in the construction materials industry.
Regarding this, Souvik Sengupta, the Founder and Chief executive says, “We continue to build on our vision of creating India’s largest multi-product construction materials brand and transforming the construction materials supply chain, not only in India, but also globally”.
“We are seeing growth opportunities as we are rapidly expanding our product portfolio and market presence, and the launch of new verticals will help us seed newer markets and create a best-in-class construction materials company out of India”, Sengupta added.
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