India’s fastest-growing building materials platform, Infra.Market, has secured a fresh infusion of $150 million in financing from MARS Growth Capital, a joint venture between Liquidity Group and MUFG Bank. This includes a $100 million extension for five years and an additional $50 million top-up, marking the company’s second major fundraising round in 2025. The move reinforces the confidence investors have in Infra.Market’s mission to modernize and digitize India’s vast construction sector.
Northcote Luxe FinBrokers acted as the exclusive advisors for the transaction. In this article, we will delve into Infra.Market’s latest $150 million fundraise, its rapid rise in the construction materials space, and what this means for the future of India’s infrastructure ecosystem.
Credits: Startuptalky
From Startup to Sector Leader
Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market has rapidly risen to become a market disruptor. The platform offers end-to-end building material solutions across the construction value chain — from concrete and steel to paints, modular kitchens, electricals, and appliances.
With a network of 250+ manufacturing units and over 10,000 retail touchpoints, the company operates on a scale few can match. Its investments in companies like RDC Concrete, Shalimar Paints, Emcer, Millennium Tiles, and Amstrad further reinforce its control over key product categories and distribution channels.
Today, Infra.Market is the second-largest player by revenue in Ready Mix Concrete (RMC), and holds the second-largest capacity in both Autoclaved Aerated Concrete (AAC) blocks and flooring tiles — making it a formidable force in the $255 billion Indian construction materials market.
Backing from a Global Tech-Driven Lender
This funding comes from MARS Growth Capital, a $1.1 billion AUM venture backed by Japan’s MUFG Bank and AI-driven private credit firm Liquidity. Known for its non-dilutive growth financing between $3 million and $100 million, MARS has been a preferred partner for late-stage and pre-IPO tech companies across Asia and Europe.
“This $150 million commitment reflects our conviction in Infra.Market’s vision and execution,” said Ron Daniel, Co-Founder and CEO of Liquidity. “With our technology-driven underwriting and Infra.Market’s ambition, we’re powering a transformation in the construction value chain — not just in India, but globally.”
Building Momentum in 2025
This financing round follows closely on the heels of Infra.Market’s Series D fundraise earlier in 2025, where it raised $125 million (~INR 10 billion). Together, the two rounds mark a powerful momentum shift for the company, signaling both aggressive expansion and investor faith.
Souvik Sengupta, Founder of Infra.Market, commented, “We continue to build on our vision of creating India’s largest building materials platform — not only for India but also for global markets. With growth opportunities emerging rapidly, we aim to create a best-in-class construction materials company out of India.”
Redefining the Construction Value Chain
What sets Infra.Market apart is its technology-led supply chain approach, offering 15+ product categories under a single platform. This integrated model ensures consistency in quality, supply reliability, and operational scale — solving some of the construction industry’s biggest pain points.
It’s also positioning itself uniquely in the B2B and B2R (business-to-retail) segments, offering services to institutional developers while simultaneously empowering small-scale retailers across India’s urban and rural markets.
Credits: Entrepreneur
The Road Ahead
With fresh capital in hand and a robust operational foundation, Infra.Market is gearing up for the next phase of growth — targeting deeper penetration into India’s infrastructure boom, diversifying its product portfolio, and even exploring global market expansions.
Backed by smart capital, strategic investments, and a growing footprint, Infra.Market isn’t just chasing scale — it’s actively reshaping the way construction materials are manufactured, distributed, and consumed in India and beyond.
Infra.Market’s latest $150 million funding round underscores its growing dominance in the construction ecosystem. With strong investor backing and a tech-driven approach, the company is well-positioned to transform India’s building materials landscape. As it scales operations and expands globally, Infra.Market is poised to become a defining force in the infrastructure sector’s digital and supply chain evolution.
