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Indian unicorn Infra.Market raises venture debt from Alteria Capital
Photo: Guilherme cunha / Unsplash
July 7, 2021
Newly turned unicorn Infra.Market has raised Rs100 crore in venture debt funding from Alteria Capital, India’s largest venture debt fund.
Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market is a procurement marketplace that leverages technology to provide procurement experience for all the players in the construction ecosystem.
Infra.Market is trying to disrupt the way in which companies procure their building materials by bringing standardization, quality and predictability in the supply chain. The startup is a marketplace which ties up with contract manufacturers and gets them to utilise idle capacity and manufacture products for its own brand.