Infra.Market to raise Rs 5 billion in pre-IPO round at Rs 250 billion valuation

Infra.Market is set to raise around Rs 5 billion in a fresh pre-initial public offering (IPO) funding round at a post-money valuation of about Rs 250 billion. The Series H round, which is expected to close over the next few weeks, is likely to be the company’s final private capital raise before its planned stock market listing. The round is expected to see participation from a mix of new investors, existing institutional backers and the company’s founders. Existing investors, including Tiger Global, Accel and Nexus Venture Partners, are likely to participate alongside co-founders Aaditya Sharda and Souvik Sengupta. The fresh capital is expected to be used partly to reduce debt and strengthen the balance sheet ahead of the IPO.