Funding round
Infra.Market Series D
Infra.Market, which works in building materials manufacturing in Thane, raised $125M in a Series D round announced on 3 Aug 2021, led by Tiger Global and InnoVen Capital, at a $2.50B post-money valuation. 6 firms took part. It is Infra.Market's fifth venture round on record; the one before was a Series C in Feb 2021.
$125M
Amount raised
$2.50B
Post-money valuation
$2.38B pre-money
6
Investors
2 leads
2.5x
Step-up from the Series C
$1.00B in Feb 2021
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Infra.Market at $2.50B after the new money, 2.5 times the $1.00B of its Series C (Feb 2021). The $125M bought investors about 5.0% of the company. It came 6 months after Infra.Market's Series C. It is 26% of the $473M Infra.Market has raised in the venture rounds on record. Infra.Market raised again 41 months later: a Growth round of $121M in Jan 2025, at $2.80B 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 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 this round 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 and InnoVen Capital led the round with 4 other firms.
Lead investors
- Tiger Global backs 391 venture-backed companies new investor
- backs 28 venture-backed companies new investor
Also in the round
- backs 32 venture-backed companies new investor
- backs 48 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- backs 11 venture-backed companies new 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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DriveWealth Financial Services | 20 Aug 2021 | $450M | $2.85B | Insight Partners and Accel |
| RingCentral Tech Companies | 1 Aug 2021 | $450M | $7.75B | Arena Holdings and Altimeter |
| Cityblock Health Health Care Services | 3 Aug 2021 | $400M | $5.70B | SoftBank |
| Ualá Money Transfer | 17 Aug 2021 | $350M | $2.45B | SoftBank and Tencent |
| Ualá Financial Services | 13 Aug 2021 | $350M | $2.45B | SoftBank Latin America Fund and Tencent |
| Talkdesk Tech Companies | 12 Aug 2021 | $230M | $10.00B | Whale Rock Capital Management and Transpose Platform |
| Postman Tech Companies | 18 Aug 2021 | $225M | $5.60B | Insight Partners |
| Shield AI Aerospace and Defence | 25 Aug 2021 | $210M | not disclosed | Disruptive |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Infra.Market raise in its Series D round?
Infra.Market raised $125M in its Series D round, announced in Aug 2021.
Who led Infra.Market's Series D round?
Tiger Global and InnoVen Capital led it, with Foundamental, Alteria Capital, Evolvence India and MARS Growth Capital.
What was Infra.Market's valuation at the Series D round?
$2.50B post-money ($2.38B pre-money).
Did Infra.Market raise again after this round?
Yes: a Growth round in Jan 2025 of $121M at $2.80B post-money.