Construction materials company Infra.Market raised around USD 20 million from investors including Nikhil Kamath, Capri Global Family Office, Sumeet Kanwar from Verity and Abhijeet Pai-led Wear Steels, by divesting a minority stake in its subsidiary RDC Concrete.
Prior to the latest fundraise, the company completed an additional funding round of USD 50 million from MARS Unicorn Fund. With this the company bagged a total funding of USD100 million. The Mumbai-based company had sold 10 per cent stake in RDC Concrete to a group of investors led by Ashish Kacholia in November 2023.
The Mumbai-based firm had sold a 10 per cent stake in RDC Concrete to a group of investors led by Ashish Kacholia in November 2023. It bought the ready-mix company for about USD 90 million in mid-2021. RDC Concrete is said to have currently grown to over 100 plants across 48 cities.
Souvik Sengupta and Aaditya Sharda founded Infra in 2016.Market offers more than fifteen distinct product categories for building materials. It states that it has over 30 flagship showrooms and over 10,000 retail touchpoints. It has a wide global reach, with distribution in the UAE, Singapore and Italy and provides services to both retail and commercial clients in the building materials industry.
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