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Infra.Market becomes India's latest unicorn after $100-million fundraising

The company seeks to offer an enhanced procurement experience to players in the construction ecosystem.

Infra.Market
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Aaditya Sharda (left) and Souvik Sengupta founded Infra.Market in 2016

Samreen Ahmad Bengaluru
Infra.Market has joined the unicorn club after raising $100 million in a Series C round. This round was led by Tiger Global, with participation from other existing investors Accel Partners, Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund and Foundamental Gmbh.

Avendus Capital was the exclusive financial advisor to Infra.Market on the transaction.

The company had raised a seed round from Accel in June 2019, and has achieved the unicorn status in less than 20 months. Following the $100-million round, the company has raised $150 million so far.

Founded by Souvik Sengupta and Aaditya Sharda in 2016, the

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First Published: Feb 26 2021 | 2:28 AM IST

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