India’s Infra.Market valued at $2.5B in Tiger Global-led $125M funding
Infra.Market, an Indian startup that is helping construction and real estate companies in the world’s second-most populated nation procure materials and handle logistics for their projects, said on Tuesday it has secured its third financing round in the past nine months.
Tiger Global, which led the startup’s Series C round in February this year, has led the $125 million Series D financing round in the five-year-old startup. The new round valued Mumbai-headquartered Infra.Market at $2.5 billion (post-money), up from $1 billion in February and $200 million in December last year. The startup, which counts Nexus, Foundamental and Accel Partners among its investors, has raised about $275 million to date.
“We are delighted to double-down on our investment in Infra.Market. The team has demonstrated exceptional growth and continues to disrupt the const