Infra.Market, founded in 2016 by Aaditya Sharda and Souvik Sengupta, is an Indian B2B technology platform revolutionizing construction material procurement. Headquartered in Thane, Maharashtra, Infra.Market leverages data-driven supply chain orchestration, direct sourcing, and real-time logistics to deliver quality materials at transparent pricing. Over recent years, the company scaled gross revenue from around ₹6,236 Cr in FY22 to ₹11,846 Cr in FY23 and over ₹14,100 Cr in FY24, while maintaining profitability with PAT rising from ₹186 Cr to ₹378 Cr in FY24, demonstrating robust unit economics amid rapid expansion. Infra.Market’s platform integrates stakeholders across manufacturers, distributors, and buyers, optimizing inventory and reducing working capital cycles. With strong backing from investors such as Tiger Global, Accel, Nexus, and recent pre-IPO funding rounds valuing the company at over ₹24,000 Cr, Infra.Market is poised for an IPO, focusing on deepening product offerings, geographic reach, and technology-enabled efficiencies.
| Founding year | 2016 |
|---|---|
| Headquarters | Thane, Maharashtra, India |
| Valuation | ₹24,147 Cr (~$2.8B) |
| Total Funding | $692M |
| Employees | ~3,800 |
| Annual Revenue (INR) | ₹14,100 Cr (FY24) |
| Annual Profit (INR) | ₹378 Cr (FY24) |
| EBITDA Margin | 7.5% (FY24) |
| Round | Date | Amount | Valuation | Investors |
|---|---|---|---|---|
| Series A | May 2018 | $12M | Not disclosed | Accel, Nexus |
| Series B | 2019 | $30M | Not disclosed | Tiger Global, Accel |
| Series C | 2021 | $100M | ₹7,245 Cr (~$1B) | Tiger Global, Nexus, Accel |
| Series D | 2022 | $150M | Approximately $2.5B | Tiger Global, Evolvence |
| Series F / Pre-IPO | Jan 2025 | $222M | ₹24,147 Cr (~$2.8B) | Tiger Global, Accel, Nexus, Others |
Infra.Market’s revenue surged from ₹6,236 Cr in FY22 to ₹11,846 Cr in FY23 (↑90%) and to over ₹14,100 Cr in FY24 (↑19%), while profit moved from ₹186 Cr to ₹155 Cr in FY23 then rose to ₹378 Cr in FY24, reflecting improved unit economics and scale efficiencies.
Infra.Market sustained healthy EBITDA margins around 6.6% in FY22, improving to ~7.0% in FY23 and ~7.5% in FY24 through optimization of supply chain operations and technology investments.
Employee count grew from ~3,200 in FY22 to ~3,500 in FY23 and ~3,800 in FY24, reflecting expansion in tech, operations, and supply chain teams. Future hiring focuses on data analytics, logistics, and product development to support growth.
In Jan 2025, Infra.Market raised $222M in a pre-IPO round at ~₹24,147 Cr valuation. FY24 profit rose to ₹378 Cr, and the company plans IPO filing by mid-2025 aiming for up to $5B valuation. Recent focus is on deeper supply chain integration and technology-led efficiencies.
| Metric | Details |
|---|---|
| Employees | 3,200 → 3,500 → 3,800 |
| Revenue | ₹6,236 Cr → ₹11,846 Cr (↑90%) → ₹14,100 Cr (↑19%) |
| Profit | ₹186 Cr → ₹155 Cr → ₹378 Cr (↑144% from FY23) |
| EBITDA Margin | ~6.6% → ~7.0% → ~7.5% |
| Valuation & Funding | ₹24,147 Cr (~$2.8B); $692M |
| IPO Status | Planning IPO by mid-2025 targeting up to $5B valuation. |
| Expansion Focus | Analytics-driven procurement, geographic expansion, technology optimisation. |
| Latest News | ₹378 Cr profit FY24; $222M pre-IPO funding at ₹24,147 Cr valuation; IPO plans underway. |
Infra.Market’s rapid revenue growth, improved profitability, and strong pre-IPO funding reflect its leadership in tech-enabled construction procurement. Continued focus on supply chain efficiencies, technology innovation, and strategic expansion will be key to sustaining growth and achieving successful IPO.
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