Infra.Market raises $121 million in pre-IPO funding; B2B startup now valued at $2.8 billion

Infra.Market, an online marketplace for construction materials, has raised $121 million (about Rs 1,050 crore) from investors, as it gears up for a planned stock market listing later this year, according to a regulatory filing with the Registrar of Companies.The fundraise saw participation from existing backers, including Tiger Global, Evolvence, Foundamental GmbH, Zerodha cofounder Nikhil Kamath and Capri Global, as per the filing.

The Mumbai-based company is now valued at $2.8 billion (Rs 24,147 crore). It had raised $50 million last year from Mars…