- Briefing Your roundup of Asian tech and startup news that matter
Samreen Ahmad · · 1 min readTiger Global to pump additional $125m into Indian construction tech unicorn
Tiger Global Management has agreed to invest an additional US$125 million in Infra Market in a deal that values the Indian technology startup at about US$2.5 billion,” reported Bloomberg, citing a person with knowledge of the matter.
Details:
- The fresh funding will reportedly more than double Infra Market’s valuation from US$1 billion in a series C round in February. It had raised US$100 million during the round.
- The Mumbai-headquartered unicorn will use the fresh capital for expansion in the domestic market.
Dive deeper:
- Founded in 2017, Infra Market helps construction and real estate companies procure materials including ready-mix concrete and fly ash for their projects.
- The business-to-business ecommerce marketplace also sells construction products such as concrete, stone materials, chemicals, and cement under private labels.
Editing by Collin Furtado and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
