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Infra.Market becomes Indias newest unicorn with $100 million fundraise

The newest unicorn in India is a startup that is helping construction and real estate companies in the worlds second most populated nation procure materials and handle logistics for their projects.
Four year-old Infra.Market said on Thursday it has raised $100 million in a Series C round led by Tiger Global. Existing investors including Foundamental Gmbg, Accel Partners, Nexus Venture Partners, Evolvence India Fund, and Sistema Asia Fund also participated in the round, which valued the Indian startup at $1 billion.
The new round, which brings Infra.Markets total to-date raise to about $150 million, comes just two months after theMumbai-headquartered startup concluded its Series B round.Avendus Capital advised Infra.Market on the new transaction.
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