New Delhi, April 2 -- Infra.Market's venture debt backers are exploring a $30 million secondary transaction in an extended pre-IPO round as they look to encash their stake before the company files its draft papers later this quarter, three people familiar with the matter told Mint.

"Venture debt firms like Innoven Capital, Strides Ventures and Trifecta Capital are looking to offload some of their stake in the upcoming round," one of the people cited above said, adding that Alteria will also participate in the round, although they have already sold some of their stake.

The venture debt firms together hold about 1.5% stake in the company, according to the second person with knowledge of the matter.

"Kotak Mahindra Capital Co. Ltd, the in...