The recent investment underlines the firm’s commitment to back promising start-ups that are disrupting their respective categories.
Jan 13, 2021: InnoVen Capital, Asia’s leading venture debt and specialty lending firm, recently invested INR 50 crore in leading B2B platform Infra.Market. The recent investment underlines the firm’s commitment to back promising start-ups that are disrupting their respective categories.
Infra.Market is a full stack managed market place for building material and serves construction and real estate companies to procure materials in a cost-effective and efficient manner.
Ashish Sharma, CEO, Innoven Capital India added, “Infra.Market is one of our high performing portfolio companies, which has managed a good balance between growth and profitability. We are firm believers that focused B2B platforms with deep domain knowledge and a tech-first approach have a great opportunity to organize large categories efficiently.”
Souvik Sengupta, Co-Founder, Infra.Market, said, “We are delighted to further our partnership with InnoVen Capital. We continue to stay focused on delivering more value for our clients and this year the priority will be to enhance our product portfolio, service offerings, and expand to new regions. With our recent equity funding as well as the debt raise, the company is well-capitalized to execute the growth agenda”
Source: Business World
