Infra.Market, the online marketplace for construction and building materials, has raised ₹731.5 crore in a fresh Series G funding round. The round was led by promoters via their entity Silverline Homes, with participation from existing major investors such as Tiger Global, NK Squared (Nikhil Kamath), Accel India, Evolvence India, and Nexus Ventures. Entrackr
Flat Valuation & IPO Plans
- The new round was done at a flat valuation, approximately $2.8 billion, the same as its previous round.
- The company is gearing up for a confidential IPO filing, expected soon.
Financials & Metrics
- Revenue & Profit (FY24): Infra.Market reported revenue of about ₹14,530 crore in FY24, up from about ₹11,846.5 crore in the previous year. Profit after tax jumped to ₹378 crore, up from around ₹155 crore.
- Use of Funds: The latest funding — especially from promoters — suggests an intention to strengthen balance sheet ahead of public listing.
Why This Matters
- Stable investor confidence: Keeping valuation flat indicates that investors believe in the existing growth trajectory but are also cautious in market conditions.
- Pre-IPO strategy: Raising capital via internal rounds and promoter/early investor participation often helps ensure better positioning and ownership control before listing.
- Validation for Fintech/Infra startups: Infra.Market is among the profitable Indian startups, showing growth with reasonable profitability — useful benchmark for similar businesses.
What to Watch
- How the IPO goes — size, pricing, investor appetite.
- Whether future funding rounds or secondary sales happen, and whether those maintain or change valuation.
- Operational metrics like cash flow, margins, working capital, given that some reports note negative free cash flow concerns. mint
