India, June 30 -- Infra.Market has raised an additional $50 Mn (INR 427.41 Cr) in debt funding from Mars Growth Capital as it prepares for a public listing.

As part of this, Mars Growth Capital has extended its existing $100 Mn facility by five years and increased the commitment by an additional $50 Mn, bringing its total investment support to $150 Mn.

Northcote Luxe FinBrokers acted as the exclusive advisor to Infra.Market for this transaction.

The latest funding comes after the company raised INR 1,050 Cr ($121 Mn) in January this year, at a valuation of about $2.8 Bn (INR 24,150 Cr).

Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market manufactures construction materials under its private-label brands. It has a B2B, ...