Infra.Market has raised Rs 200 Crores from debentures funding to investors led by Avendus. Phoenix Mills and Dalmia Group Holdings also participated in the funding round. The personal guarantees of Infra.Market’s founders Souvik Sengupta and Aaditya Sharda have issued the debentures and shares of the acquired companies.

Founded in 2016, Infra.Market has raised around $270 million in equity funding in the last five rounds. Its last round of equity fundraising was $125 million. In August, the company has valued at $2.5 billion. Infra.Market also clocked sales of Rs 1,273 crore in 2020-21 and a net profit of Rs 35.9 crore.