Infra.Market

Infra.Market is a construction materials marketplace that provides construction companies with a comprehensive procurement solution. The company specializes in serial products under its own brands and solves problems of opacity of prices, quality, fragmented supplier base, inefficiency of logistics and delivery in the unorganized market.

Activity indicators

2020

Infra.Market revenue in 2020 increased 5.5 times compared to the previous year. The company has expanded its presence in different regions of India and remains profitable despite the pandemic. The company's annual turnover for December 2020 is $180 million, and by March 2021 the company expects an increase in turnover to $300 million. Since its launch in 2016, the startup has constantly recorded net profit, but its size is not specified..

History

2021: Attracting $100 million investment

At the end of February 2021, Infra.Market raised $100 million in the Series C round, which was headed by Tiger Global. The startup plans to spend the funds raised to expand its technology offerings, develop new markets and promote initiatives such as the development of a brand and its own brand, direct sales and export.

Raising $100 million allowed Infra.Market to join the club of the so-called unicorn companies. It took the startup less than 20 months to reach an estimate of $1 billion. Together with Tiger Global, the following existing investors also participated in the financing round: Accel Partners, Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund and Foundamental Gmbh.

Startup Infra.Market raised $100 million

Infra.Market uses technology to help infrastructure and real estate sectors overcome delays and failures caused by inefficiencies in the construction materials supply chain, "said Varun Gupta, director of Avendus Capital's digital and technology investment banking services.

Gupta said this latest investment was strong evidence of growing investor interest in industrial B2B platforms that have demonstrated rapid scaling, support for a healthy economy and value creation in an accelerated time frame.

The monthly income of the startup is $2.5 million. As of February 2021, the total turnover of Infra.Market is $400 million, and by the end of 2021, the startup hopes to reach $1 billion.

We have an amazing team and incredibly favorable investors - we will continue to transform the construction ecosystem of India with a focus on production excellence. The fact that we are profitable at such an early stage of development is a merit of our team and our corporate culture, "said Suvik Sengupta, founder of Infra.Market.[1]

2020: Attracting $20 million of investments

On December 10, 2020, Infra.Market startup announced the raising of $20 million during round B from Sistema Asia Fund, Evolvence India Fund and Foundamental Gmbh. In addition, current project investors, including Accel, Tiger Global and NeXus, also took part in the round.

The company plans to spend the funds raised on entering other markets, as well as on the development of its own brands and sales of D2R (Direct-to-Retail).

According to the publication TechCrunch, the Infra.Market service also allows small manufacturers to find customers outside India. Some of the customers using the marketplace are located in Bangladesh, Malaysia, Singapore and Dubai. The startup plans a large-scale business expansion, and also intends to strengthen in Indian cities.

By December 2020, it manages about half a dozen brands and plans to expand its activities into more categories, such as electric goods.

As one of the market catalysts, Infra.Market has become one of the revolutionary companies thanks to innovative technologies in the purchase and distribution of building materials for the infrastructure and construction industry through improved logistics, financing, procurement and management of large projects in key markets in India.  The company very quickly showed noticeable growth, supported by a strong business model and deep knowledge of the industry specifics that the founders and management of the company demonstrate, "said Evolvence India partner Rohit Batra.

AFK Sistema Fund invested in the marketplace of construction materials

Infra.Market revolutionized the construction materials market in India, a sector that is a priority for the country's development by December 2020. The company shows good economic results, and also lays the foundation for the country to return to normal life at the end of the pandemic, "says Sumit Jain, senior partner at Sistema Asia Fund.

As of December 2020, the company uses both B2B and D2R sales, operates in 10 Indian states and is going to increase its presence in them. About 10% of the startup's revenue comes from international activities (exports to countries such as the UAE, Singapore, Malaysia, etc.), the expansion of which will also include part of the attracted financing.^[2]

We are grateful to investors for supporting our desire to become the largest B2B startup in India. As before, our main goal is not only to build a profitable business, but also to completely change the entire construction industry in the country using technology, "said Aaditya Sharda, founder of Infra.Market.

AFK Sistema Venture Fund - Sistema Asia Fund - specializes in investing in high-tech companies in India and Southeast Asia. Earlier in 2020, the fund sold a stake in the Indian online pharmacy Netmeds. The first exit of the fund was the sale of a stake in the Indian startup Qwikcilver, which develops gift card technologies.

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