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HomeLatest NewsInfra.Market Secures INR 185 Cr in Debt Funding to Boost B2B E-commerce Growth

Infra.Market Secures INR 185 Cr in Debt Funding to Boost B2B E-commerce Growth

  • July 13, 2024
  • Brandz Editor Team
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B2B e-commerce platform Infra.Market has successfully raised INR 185 crore (approximately $22 million) in a significant debt funding round, reinforcing its position in the competitive marketplace. This latest funding comes from a diverse group of investors and is a strategic step towards achieving the company’s ambitious growth plans.

Table of Contents

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  • Funding Breakdown
  • Strategic Goals
  • Market Context
  • Future Prospects
  • Conclusion

Funding Breakdown

According to the startup’s filings with the Registrar of Companies (RoC), Infra.Market secured this funding through the issuance of non-convertible debentures (NCDs). The funding round saw substantial contributions from several key players in the lending and finance sectors. Digital lending unicorn Yubi (formerly known as CredAvenue) led the charge with an investment of INR 80 crore across two tranches. IKF Home Finance followed closely with an infusion of INR 40 crore, showcasing confidence in Infra.Market’s potential.

In addition to these significant contributions, other prominent investors included Raymond, which invested INR 25 crore, and agriculture financing platform Samunnati, which contributed INR 20 crore. Vivriti Capital also played a pivotal role in this funding round with a further investment of INR 20 crore. This diverse backing not only underscores the market’s confidence in Infra.Market but also reflects a growing interest in the B2B e-commerce space.

Strategic Goals

Infra.Market has been actively seeking to raise around INR 500 crore in debt across multiple tranches to fuel its growth and operational expansion. The latest fundraise is likely a part of this larger financial strategy, indicating the startup’s commitment to securing the necessary capital to enhance its offerings and expand its market presence. Prior to this funding round, the company had also raised INR 100 crore from non-banking financial company SK Finance, further emphasizing its proactive approach to financing.

Market Context

The B2B e-commerce landscape in India has witnessed significant growth, driven by the increasing demand for efficient supply chain solutions and digital transformation across industries. Infra.Market, as a prominent player in this space, offers a platform that connects businesses with essential building materials and services, catering to a broad range of industries, including construction and infrastructure.

The startup’s ability to secure substantial debt funding reflects the confidence investors have in its business model and growth trajectory. As businesses increasingly turn to digital solutions, Infra.Market is well-positioned to capitalize on this trend, making it an attractive investment opportunity.

Future Prospects

With the fresh influx of capital, Infra.Market aims to further strengthen its technology infrastructure, expand its product offerings, and enhance its operational efficiency. The additional funding will also facilitate the company’s efforts to scale its operations and broaden its customer base, ensuring that it remains competitive in the rapidly evolving B2B e-commerce sector.

Conclusion

Infra.Market’s successful raise of INR 185 crore in debt funding is a testament to its robust business model and promising future. With backing from notable investors and a strategic focus on growth, the startup is poised to solidify its position as a leader in the B2B e-commerce market. As the company continues to pursue its goal of raising INR 500 crore in debt, stakeholders will be keenly observing its next steps and the impact of this funding on its ongoing expansion efforts.

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