Thane-based construction materials marketplace Infra.Market has raised ₹732 crore ($83 million) in a Series G funding round, setting the stage for its much-anticipated public listing later this year. The round was led by Nikhil Kamath’s family office, NKSquared, alongside Silverline Homes, Tiger Global, and existing investors, including Accel, Evolvence India, and Nexus Ventures.

With this infusion, which values the company at ₹24,600 crore, founders Souvik Sengupta and Aaditya Sharda have also increased their stake to nearly 30%, formally cementing their promoter status. The fresh capital will bolster liquidity, strengthen market positioning, and fuel expansion as the company prepares to file its DRHP with SEBI in the coming weeks for a planned ₹5,000-crore IPO.

Nikhil Kamath’s family office NKSquared invested Rs 200 crore, while Silverline Homes, linked to co-founder Aaditya Sharda, contributed Rs 250 crore—the largest single investment in this round.

Tiger Global joined with Rs 176 crore via its Internet Fund, while existing backers Accel, Evolvence India, and Nexus Ventures made smaller follow-on investments. Founders Souvik Sengupta and Aaditya Sharda also infused capital through promoter financing, aiming to increase their combined stake to nearly 30%, thereby formally qualifying as promoters.

Infra.Market operates a digital platform that connects construction material suppliers with contractors and developers across India. The latest funding pegs its valuation at Rs 24,600 crore. According to media reports, the company plans to file its draft red herring prospectus (DRHP) with SEBI in the coming weeks, with a Rs 5-billion IPO target in sight.

The capital infusion is expected to bolster liquidity, strengthen market positioning, and support Infra. Market’s expansion plans as it transitions from a high-growth startup to a publicly listed enterprise.