Financial Insights

Infra. Market eyes $4.5 billion valuation

Construction materials marketplace Infra.Market is in talks to raise funds at a valuation of $4.5 billion, its third funding round this year, and a valuation jump of more than 400 percent within a single year, said people familiar with the matter, requesting anonymity.

It is in talks to raise $200-250 million and has a term sheet from new investor Footpath Ventures- an investor in Byjuโ€™s, Dream11 and Udaan among other big startups in India, these people said.

โ€œFootpath will join this round. They are talking to other investors too. (Private equity firm) TPG is talking to them as well but they havenโ€™t finalized yet,โ€ one person said.

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