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Tiger global invests in Infra.Market at $2.5bn value

August 03, 2021

Tiger global invests in Infra.Market at $2.5bn value

Tiger Global has agreed to invest $125 million in Infra.Market in a deal that values the Indian technology start-up at about $2.5 billion, as per an individual familiar with the matter.

The Mumbai-based organization plans to utilize the fresh capital for expansion in the domestic market, said the individual, who asked not to be recognized as the information is private. The start-up was last valued at about $1 billion in a funding round recently, the individual said.

While an announcement could come as soon as Monday, discussions could in any case be postponed or fall apart, the individual said. A delegate for Infra.Market declined to comment, while a representative of Tiger Global didn’t immediately respond to an emailed request for comment outside of U.S. business hours.

Established in 2017, Infra.Market helps construction and real estate companies including prepared blend concrete and fly ash for their projects, as indicated by its website. Tiger Global took part in a $20 million Series A financing round in 2019 along with investors. Infra.Market additionally has offices at locations including Noida, Gurugram and Delhi.

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