Construction materials marketplace Infra.market on Monday said it has raised USD 50 million (about Rs 390 crore) in funding from Liquidity Group’s Mars Unicorn Fund to fuel its growth ambitions.
The latest fundraise by Infra.market, which was valued at USD 2.5 billion at its last fundraise in August 2021, comes after reports of non-disclosure of over Rs 200 crore in income and investigations by the Income Tax authorities earlier this year.
Founded in 2016, the company will be using the new funds to enhance its technological offerings and advance initiatives in the new global markets, as per an official statement.
