CosmicTaco

Infra.Market Eyes $150 Million Pre-IPO Fundraise

CosmicTaco · 2024-09-16T08:21:55.462169+05:30

- Infra.Market is in talks to raise $150-200 million from existing and new investors ahead of its IPO. - The company plans to file its draft red herring prospectus in December. - Existing backers like Tiger Global, Foundamental, and Evolvence will increase their stakes. - The valuation for this round is expected to be higher than $2.5 billion. - Infra.Market's revenue grew 90 percent in FY23, though profit saw a 17 percent drop. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/ipo-bound-infra-market-in-talks-to-raise-150-million-from-existing-backers-like-tiger-global-new-investors-12822226.html)

Infra.Market is in talks to raise $150-200 million from existing and new investors ahead of its IPO.
The company plans to file its draft red herring prospectus in December.
Existing backers like Tiger Global, Foundamental, and Evolvence will increase their stakes.
The valuation for this round is expected to be higher than $2.5 billion.
Infra.Market's revenue grew 90 percent in FY23, though profit saw a 17 percent drop.

Source: Moneycontrol

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