Current Valuation: $2.36 billion as on Aug 12, 2022

Funding Raised: $505 million

Rounds of Funding: 19

Number of Investors: 47

Profit: ₹185.9 crore in FY22

Revenue: ₹6,236 crore in FY22

Did you know Infra.Market, India’s 40th unicorn earned a 1-billion dollar valuation in just 20 months after its first funding round?

Founded in 2016, the company discovered by Aaditya Sharda and Souvik Sengupta, became a unicorn in Feb 2021, when it raised $100 million in a Series C funding round led by Tiger Global Management.

While it is an impressive feat, the story behind this sudden growth spurt is worth noting.

The founders were keen on growing the company’s business and prominent VC and PE players were eager to invest in the startup at a valuation of over $600 million.

However, a call with Tiger Global boosted their dreams. Scott Schleifer, a partner at Tiger prompted them to take a billion-dollar valuation. The only condition was to reach the discussed numbers in three months.

The challenge was accepted and a term sheet for $100 million was drawn up. The founders met the targets in just two months. And that's how India's 40th unicorn came through.

Five months later, they were again on a call with Shleifer. They were looking for funding and Tiger once again asked them to take a valuation of $2.5 billion and led a funding round of $125 million.