Infra.Market secures $150 mn from Mars Growth Capital, 2nd fundraise after $125 mn Series D

B2B construction materials startup Infra.Market has secured $150 million in financing from Mars Growth Capital, a joint venture between Liquidity, the global AI-driven private credit firm, and MUFG Bank Ltd.

The Mumbai-based company says MARS and MUFG have extended the terms of the existing $100 million financing by another five years and also enhanced the financing amount by an additional $50 million. "This additional financing by MARS in Infra.Market takes its total investment up to $150 million."

The fundraiser is part of Infra.Market's target is to achieve a higher share in the $255 billion building materials market, with a focus on the infrastructure, industrial, and building construction sectors. This is the company’s second fundraising for the year, with the previous one being around $125 million (₹1,000 crore) in a Series D financing round earlier this year.

Northcote Luxe FinBrokers were the exclusive advisors to Infra.Market for this transaction.

"We continue to build on our vision of creating India’s largest building materials platform, offering end-to-end solutions across the construction value chain, not only in India but also globally. We are seeing growth opportunities as we are rapidly expanding our market presence and creating a best-in-class construction materials company out of India," says Souvik Sengupta, founder, Infra.Market.

Ron Daniel, Co-Founder & CEO, Liquidity Group, says by combining Liquidity’s technology-driven approach and underwriting capabilities with Infra.Market's scale and ambition, the company is enabling sustainable growth and supporting Infra.Market’s emergence as a global infrastructure leader.

Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market is a building materials platform that offers end-to-end solutions across the construction value chain. With a network of 250+ manufacturing units and strategic investments in RDC Concrete, Shalimar Paints, Emcer, Millennium Tiles, and Amstrad, the company also operates through 10,000+ retail touchpoints across India.

It delivers 15+ product categories, including concrete, walling solutions, steel, aggregates, pipes & fittings, MDF, plywood, laminates, tiles, paints, modular kitchens, designer hardware, electricals, appliances, and consumer durables, and caters to both institutional customers (B2B) and retail outlets.