MARS increases its $50 million investment in India's infrastructure market
· Funding: Infra.Market, a Mumbai-based construction materials supplier, secured a new funding round from an existing investor, MARS Unicorn Fund. This round maintains the company's valuation of $2.5 billion set in the 2021 Series C funding.
· Focus: Infra.Market aims to revolutionize how small manufacturers in India operate. They achieve this by:
- Installing load cells to help companies with quality control and sourcing better materials.
- Connecting manufacturers with better raw material suppliers and providing pricing guidance.
· Addressing a Gap: Infra.Market tackles the issue of a fragmented Indian construction industry dominated by small players lacking resources for optimization.
· Impact:
- The company's technology has helped small manufacturers attract larger clients and expand internationally (Bangladesh, Malaysia, Singapore, Dubai).
- Infra.Market offers its own construction material brands for high-volume purchases.
- They cater to both institutional and retail customers.
· Future Plans:
- Infra.Market aims to become India's leading multi-product construction material brand and transform the global supply chain.
- They plan to expand their product portfolio, market presence, and explore new markets.
· Growth:
- Infra.Market has increased supplies to retail outlets and expanded to 20 Indian states.
- They also export to Dubai, Singapore, and Italy.
· Investor Confidence:Continued investment highlights Infra.Market's success in fulfilling its promise to revolutionize construction projects in India and beyond.
· Overall, Infra.Market is a well-funded company with a clear vision to modernize the construction material supply chain in India and international