Infra.Market enters unicorn club with $100 million funding led by Tiger Global

Infra.Market, a technology firm providing a one-stop marketplace for construction materials, has raised $100 million in its Series C funding round led by Tiger Global with participation from other existing investors Accel Partners, Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund and Foundamental. The latest fundraising values the company at $1 billion, making it the latest entrant to the coveted unicorn club.

The new funding will enable Infra.Market to enhance its technological offerings, seed newer markets and advance their initiatives such as private label brands, direct-to-retail channel and exports, the company said.