Tiger Global Invests in Indian Startup at $2.5 Billion Value

(Bloomberg) -- Infra.Market has raised a new round of funding led by Tiger Global that s the Indian technology startup at about $2.5 billion.

The Mumbai-based company raised $125 million in a series D round, according to a statement on Tuesday, confirming an earlier Bloomberg News report. The startup expects its sales to surpass $1 billion by the end of this year and plans to use the fresh capital for expansion into new markets as well as for potential acquisitions.

Infra.Market was last d at about $1 billion in a funding round earlier this year, Bloomberg News reported previously.

Founded in 2017, Infra.Market helps construction and real estate companies procure materials including ready-mix concrete and fly ash for their projects, according to its website. Tiger Global participated in a $20 million series A funding round in 2019 along with other investors.

Infra.Market has offices at locations including Noida, Gurugram and Delhi and exports to markets such as Dubai, Singapore, Jordan and Italy.

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