As part of the Infra.Market-Equiphunt deal, Equiphunt founder Shashank Dangayach will get a stake in Infra.Market and Manish Sharma of Infra.Market will now join the board of Equiphunt.
Infra.Market turns unicorn with funds from Tiger Global, others
The startup has been profitable since 2016 and in FY20 it posted a net profit of ₹8 crore. iStockphoto
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Infra.Market, a B2B startup catering to the construction and infrastructure sector, has joined the coveted unicorn club after raising $100 million (approximately ₹724 crore) in a Series C round led by existing investor Tiger Global.
The startup took less than 20 months to touch the $1 billion valuation since raising seed round from Accel Partners in 2019. Accel Partners also participated in the latest funding round along with other existing partners Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund, and Fundamental Gmbh.