Tiger Global leads another round of funding within five months
Within five months, Tiger Global led another round of investment in Infra.Market with $125 million ($928 crore) in a Series D funding.
The latest funding round values the company at $2.5 billion (around Rs 18,560 crore). Tiger Global had also participated in all the Series A, B and C rounds for Infra.Market so far.
In February, Infra.Market, a technology-enabled marketplace for on-demand construction materials, hit unicorn status (valued at $1 billion [about Rs 7,245 crore]) after raising $100 million (about Rs 724 crore) in a Series C funding round from its existing investors including Tiger Global, Accel, Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund and Foundamental Gmbh.