Innoven capital again invested in Infra market.
Innoven invested Rs 50 crore in the Infra market. It is a B2B building material platform backed by Tiger Global.
The company said the raised fund will be used for enhancing their product portfolio service offering and for the expansion of their business into new regions. Adding more to their statement company said they are well-capitalized to execute the growth agenda.
The company was founded in the year 2016. They are also known as Hella Infra Market. The company is trying to effectively manage disruption throughout the construction ecosystem as they prepare all players for the next normal.
Ashish Sharma chief executive officer at innoven capital India says – “Infra market for us is one of the high performing portfolio company which has managed a good balance between growth and profitability. We truly believe that they will focus on B2B platforms with deep domain knowledge and the tech-first approach.”
Shishir Gupta, Founder & CEO of StartupLanes says, “ They are doing great in the construction business, with time their business is getting spread. Congratulations to them for securing 50 crores and all the best for the future”