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Infra . market place , an Native American startupthat help construction and real estate firm procure material , has raised $ 50 million from MARS Unicorn Fund as it look to expand operations overseas , the companies told TechCrunch on Tuesday .
MARS Unicorn Fund , a joint speculation between AI - motor fund Liquidity Group and Japanese coin bank MUFG , is an subsist backer of the Mumbai - headquarter startup , having invested $ 50 million in it in 2022 . The newfangled investiture , a primary fundraise ( structure with both debt and equity ) by Infra . market place ’s Singapore unit , values the inauguration at $ 2.5 billion — retaining the 2021 Series C ’s evaluation .
Infra . food market is seek to transubstantiate the way small businesses in India ’s manufacturing sector operate . By install its load cubicle in manufacturing facility , for example , Infra . Market helps fellowship have a adept traveling bag on quality control and assists them source better raw material . It also helps customers run with other businesses that can allow them with good in the raw cloth and allow for guidance on pricing .
This is a major problem in India , where the construction diligence is highly fragmented and overlook by small players that lack the resources and expertise to optimize their process . The inauguration enunciate its tech has aid small manufacturer pull large clients and expand their reach beyond India , draw in clients in Bangladesh , Malaysia , Singapore and Dubai .
Infra . market place says it offers high - intensity grammatical construction product under its own brands . The startup caters to both institutional client and retail outlets in the construction materials sector .
“ We continue to ramp up on our vision of creating India ’s big multi - product construction materials brand and transforming the building materials supply chain of mountains , not only in India , but also globally , ” the startup ’s founder and chief executive director , Souvik Sengupta , said in a statement .
“ We are seeing growth opportunities as we are speedily expanding our production portfolio and grocery store comportment , and the launching of raw vertical will help us seed new markets and produce a practiced - in - class construction materials company out of India . ”
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The startup , backed by Accel , Nexus , Foundamental and Tiger Global , said it has increased supply to retail outlets in the last 12 calendar month . It now supplies to businesses in 20 Indian states and exports to Dubai , Singapore and Italy .
“ Liquidity is using technology to transmute capital cite marketplace with unrivaled speed and accuracy . At each step in the cognitive process , our evaluation of Infra . grocery store show a society present on its promise to make over expression and infrastructure projects across India and beyond , ” tell Ron Daniel , co - founder and CEO and Liquidity Group .
Northcote Luxe FinBrokers advised Infra . market place on the transaction .
