MUMBAI, Sept. 18 -- Infrastructure materials marketplace Inframarket has raised Rs.732 crore in an internal funding round as it prepares for an initial public offering (IPO) next month via the confidential route.

The funding was led by Internet Fund V Pte. Ltd (Tiger Global), Accel India V, Nexus Ventures V Ltd, NKSquared (Nikhil Kamath), Evolvence India, and Silverline Homes Pvt Ltd-the promoter entity. According to documents filed with the Ministry of Corporate Affairs (MCA), these investors collectively purchased 34,276 shares for Rs.731.5 crore. The company declined to comment on the matter.

"The round values the company at about Rs.24,600 crore and the promoters have also infused Rs.250 crore," a person familiar with the matter sai...