Infra.Market, India’s fast-growing building materials platform, has secured a fresh $150 million financing from Mars Growth Capital, further bolstering its Series D fundraising, construction sector outreach, and overall retail expansion ambitions.

Infra.Market received $150 million in financing from Mars Growth Capital, a joint venture between MUFG Bank and Liquidity Group. The deal extends a previously arranged $100 million facility by five years and adds a top-up of $50 million. This financing follows a successful $125 million Series D round led by existing investors, including Tiger Global, earlier this year.

In total, Mars Growth Capital’s investment now stands at $150 million, strengthening Infra.Market’s financial runway as it scales its operations.

Commanding Market Share Across India

Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market operates a robust building materials platform that serves both B2B and B2R markets.

It runs over 250 manufacturing partnerships and engages with 10,000+ retail touchpoints nationwide. With 15 product categories, including concrete, steel, tiles, paints, and consumer durables, the company offers a full-stack solution for India’s construction needs.

Infra.Market ranks second by revenue in India’s ready-mix concrete (RMC) segment and holds the second-largest capacity in autoclaved aerated concrete (AAC) blocks and flooring tiles. These strongholds position the company to capture a significant share of India’s $255 billion construction materials market.

Infra.Market posted robust numbers in FY24, reporting INR 14,530 crore in consolidated revenue, a sharp rise from INR 11,847 crore in FY23. Profits soared 2.4X to INR 378 crore during the same period. These figures underscore the platform’s financial discipline and growth trajectory.

While competitors like OfBusiness, Zetwerk, and Moglix reported revenues of INR 19,296 crore, INR 14,436 crore, and INR 4,964 crore respectively in FY24, Infra.Market is rapidly closing the gap.

Strategic Investments Fuel Vertical Integration

Infra.Market has made several strategic acquisitions, including a majority stake in RDC Concrete in 2022 for INR 1,000 crore. Other portfolio brands include Shalimar Paints, Emcer, Millennium Tiles, and Amstrad—each extending its reach into specialized market segments. These investments have reinforced Infra.Market’s vision is to dominate the end-to-end building materials value chain.

Founder Souvik Sengupta said that the company aims to deepen its domestic reach while pursuing global market expansion. The latest $150 million financing supports that dual mission by enabling further product innovation, retail expansion, and infrastructure investment.

With strong backing from global and domestic investors like Tiger Global, Accel, Nexus Venture Partners, and Evolvence, Infra.Market stands well-positioned to become a global powerhouse in the building materials sector.

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