Funding round
Infra.Market Series C
Infra.Market, which works in building materials manufacturing in Thane, raised $100M in a Series C round announced on 25 Feb 2021, led by Tiger Global, at a $1.00B post-money valuation. 6 firms took part, 5 of them already investors. It is Infra.Market's fourth venture round on record; the one before was a Series B in Dec 2020.
$100M
Amount raised
$1.00B
Post-money valuation
$900M pre-money
6
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Infra.Market at $1.00B after the new money. The $100M bought investors about 10% of the company. It came 2 months after Infra.Market's Series B. It is 21% of the $473M Infra.Market has raised in the venture rounds on record. Infra.Market raised again 6 months later: a Series D round of $125M in Aug 2021, at $2.50B post-money.
Infra.Market's funding rounds
Infra.Market has 7 venture rounds on record and 5 other deals. This one is highlighted.
- Seed 1 Aug 2019 $3.5M
- Series A 2 Jul 2020, led by Tiger Global $20M
- Series B 9 Dec 2020, led by Evolvence India, Sistema Asia Capital and Foundamental $20M
- Series C this round 25 Feb 2021, led by Tiger Global $100M$1.00B post-money
- Debt not a venture round 7 Jul 2021, led by Alteria Capital $13M
- Series D 3 Aug 2021, led by Tiger Global and InnoVen Capital $125M$2.50B post-money
- Debt not a venture round 16 Jul 2024, led by Yubi $18M
- Debt not a venture round 19 Jul 2024 $90M
- Growth 23 Jan 2025, led by Tiger Global $121M$2.80B post-money
- Debt not a venture round 30 Jun 2025 $50M
- Series G 18 Sep 2025, led by Nksquared $83M$2.80B post-money
- Debt not a venture round 14 Oct 2025 $150M
Investors
Who put money in
Tiger Global led the round with 5 other firms. Accel, Nexus Venture Partners, Evolvence India and Sistema Asia Capital and 1 more had backed Infra.Market before.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- Accel backs 581 venture-backed companies existing investor
- backs 99 venture-backed companies existing investor
- backs 7 venture-backed companies existing investor
- backs 6 venture-backed companies existing investor
- backs 32 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Building Material Manufacturers, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Building Material Manufacturers | 28 Feb 2022 | $65M | not disclosed | 2150 |
| Software Development Services | 17 Feb 2021 | $150M | $1.00B | SoftBank Vision Fund |
| Real Estate Rental | 2 Feb 2021 | $110M | not disclosed | Tiger Global |
| Tech Companies | 17 Feb 2021 | $105M | not disclosed | Tiger Global |
| Medical Supply Manufacturers | 24 Feb 2021 | $105M | not disclosed | TYH Ventures and 7wire Ventures |
| Biotechnology | 18 Feb 2021 | $95M | not disclosed | Redmile Group |
| Biotechnology | 22 Feb 2021 | $93M | not disclosed | HSG and LYFE Capital |
| Shield AI Aerospace and Defence | 23 Feb 2021 | $90M | not disclosed | Point72 Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Infra.Market raise in its Series C round?
Infra.Market raised $100M in its Series C round, announced in Feb 2021.
Who led Infra.Market's Series C round?
Tiger Global led it, with Accel, Nexus Venture Partners, Evolvence India, Sistema Asia Capital and Foundamental.
What was Infra.Market's valuation at the Series C round?
$1.00B post-money ($900M pre-money).
Did Infra.Market raise again after this round?
Yes: a Series D round in Aug 2021 of $125M at $2.50B post-money.