MARS Pumps in Additional $50M Investment in India’s Infra.Market, Reinforcing Confidence in Indian Construction Ecosystem

In a major boost for India’s booming construction tech sector, Bengaluru-based Infra.Market has landed a $50 million Series C funding round led by existing investor Mubadala Capital. This latest infusion of capital values the startup at $350 million and will allow it to aggressively expand its product offerings and geographic footprint across the country.

Founded in 2016, Infra.Market has digitized the entire procurement process for India’s massive infrastructure industry. Using its mobile and web-based platform, construction companies, government agencies and other buyers can source high-quality materials directly from qualified manufacturers and suppliers. Payments and deliveries are handled digitally as well, streamlining operations for all parties involved.

To date, the platform has onboarded over 500 vendors who supply everything from steel and cement to flooring, hardware and equipment. Over 10,000 active buyers make regular purchases through Infra.Market, saving both time and money compared to traditional procurement methods. Impressed with this rapid growth, existing investors Mubadala Capital have doubled down with the sizable Series C investment.

Thanks to this fresh capital injection, Infra.Market is planning to significantly scale its technology and team. The funds will help expand into new regions nationwide while launching new product offerings tailored for specific infrastructure sectors. The startup also aims to bring more small and medium vendors online, helping digitize India’s entire decentralized supply chain.

With the construction industry projected to reach $1 trillion by 2025, Infra.Market is well-positioned to capture a major share of this booming market. By making procurement simple, transparent and cost-effective, the platform is transforming an industry that underpins India’s development. This massive new round of funding will allow them to scale this digital revolution on an even greater level across the country.