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    • Only six of India's 51 unicorns that have filed results were profitable in FY22 February 15, 2023 12:18 PM IST

      Only six of India's 51 unicorns that have filed results were profitable in FY22

      OfBusiness and Infra.Market were the only two unicorns having a profit of more than Rs 100 crore for FY22

    • Accel-backed Infra.Market's profit grows nearly 6X in FY22 on strong revenue growth October 13, 2022 08:02 PM IST

      Accel-backed Infra.Market's profit grows nearly 6X in FY22 on strong revenue growth

      Infra.Market reported a net profit of Rs 186 crore for FY22 against Rs 36 crore in FY21 (2020-21), the company said on October 13. During the year, revenue jumped five-fold to Rs 6,236 crore from Rs 1,242 crore a year earlier

    • Weekly Funding Wrap | Upgrad nearly doubles valuation to $2.25 billion; startups raise $421 million in total June 17, 2022 07:46 PM IST

      Weekly Funding Wrap | Upgrad nearly doubles valuation to $2.25 billion; startups raise $421 million in total

      A total of $421 million was raised by startups in the week of June 10 to 17, 2022.

    • Infra.Market 'cooperating with authorities' after I-T detects undisclosed income of Rs 224 crore March 21, 2022 06:47 AM IST

      Infra.Market 'cooperating with authorities' after I-T detects undisclosed income of Rs 224 crore

      The CBDT said unaccounted cash worth Rs 1 crore and jewellery worth Rs 22 lakh have been seized till now. It also said the group has booked bogus purchases, made huge unaccounted cash expenditures, and obtained accommodation entries, aggregating to the tune of over Rs 400 crore.

    • Rs 2,000 in co-founder's home, no unaccounted cash, assets at any location: What Income Tax sleuths found after a 3-day raid on Infra.Market March 18, 2022 05:53 PM IST

      Rs 2,000 in co-founder's home, no unaccounted cash, assets at any location: What Income Tax sleuths found after a 3-day raid on Infra.Market

      The department is also learned to have conducted similar searches on the offices and residences of another B2B unicorn, Zetwerk, within a day of its searches at Infra.Market

    • Infra.Market set to invest Rs 270 crore in Shalimar Paints January 18, 2022 09:05 PM IST

      Infra.Market set to invest Rs 270 crore in Shalimar Paints

      EY (formerly Ernst & Young) acted as the exclusive financial advisor to Shalimar Paints for the deal.

    • Exclusive: Infra.Market eyes $4.5 billion valuation November 22, 2021 09:35 AM IST

      Exclusive: Infra.Market eyes $4.5 billion valuation

      Infra.Market was founded by Souvik Sengupta and Aaditya Sharda in 2016,

    • Infra.Market valued at $2.5 billion, raises $125 million from Tiger Global August 03, 2021 03:52 PM IST

      Infra.Market valued at $2.5 billion, raises $125 million from Tiger Global

      The construction materials marketplace aims to cross a billion dollars in sales by the end of 2021.

    • Infra.market turns unicorn, raises $100 million led by Tiger Global February 25, 2021 02:13 PM IST

      Infra.market turns unicorn, raises $100 million led by Tiger Global

      Its other investors including Accel Partners, Nexus Venture Partners and Sistema Asia Fund invested as well.