B2B Ecommerce: Infra.Market Pursues Fresh Funding of Up to $200 Mn Before IPO
IPO Preparations and New Funding
B2B Ecommerce platform Infra.Market is gearing up for a significant funding round, seeking an additional $150-200 million ahead of its planned IPO. Following the engagement of eight major investment banks for its $700 million IPO, this funding is poised to enhance investor confidence.
Investor Engagement
- Major investors like Tiger Global, Foundamental, and Evolvence are likely to contribute substantial capital.
- The company is in talks to bring on new investors to diversify its financing base.
Market Prospects and Financial Growth
Infra.Market expects that this new funding round will push its valuation higher than $2.5 billion, supported by improved financial results. With plans to file IPO papers by December, the company is making strategic moves to solidify its market position.
Previous Financial Performance
- Raised INR 185 Cr (approximately $22 million) in previous debt funding.
- Reported an operating revenue of INR 11,846.5 Cr in FY23, a growth of 90%.
- Net profit, however, saw a decline of 17% year-over-year.
In the dynamic IPO climate for startups in India, Infra.Market's fresh funding initiative positions it as a key player alongside others looking to enter the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.