Infra.Market

The proposed deal could give Hella Infra shareholders more than 77% of Shalimar Paints, while offering an alternative to the building materials platform's planned 5,000 crore IPO

Worth over Rs 25,000 crore and backed by more than Rs 7,600 crore in funding, Infra Market will now seek to raise Rs 1,000 crore through a QIP after listing via Shalimar Paints -- a route unlike peers such as PhonePe, Zepto and Curefoods, which have delay

Infra.Market is set to enter public markets through a reverse merger with listed Shalimar Paints, replacing its earlier plan for a Rs 5,000-crore IPO. Its shareholders will receive newly issued Shalimar equity and preference shares, giving them a 77% stak

The construction-materials platform is expected to bring in a mix of new and existing investors in what is likely to be its final private funding round ahead of a planned Rs 5,000 crore IPO, sources told Moneycontrol.

Infra.Market signs 20-year lease in Thane with Ekatva Group for 200 crore, expanding its building materials platform.

The fundraise comes less than a year after it raised about $50 million from Mars Unicorn Fund at a valuation of $2.5 billion.

Infra.Market, an Indian startup that helps construction and real estate firms procure materials, has raised $50M from MARS Unicorn Fund.

Within five months, Tiger Global led another round of investment in Infra.Market with $125 million ($928 crore) in a Series D funding.