Construction materials platform posts ₹11,891 crore revenue while optimizing efficiency and cash flow
Infra.Market, the innovative construction materials procurement platform, has reported strong financial results for fiscal year 2023, with ₹155 crore in profits on robust revenues of ₹11,891 crore. The performance highlights the company’s success in streamlining construction material supply chains while maintaining healthy margins.
Financial Highlights
The company’s asset-light marketplace model has proven particularly effective in the construction sector, where material procurement traditionally involves multiple intermediaries and inefficiencies. Infra.Market connects manufacturers directly with construction companies and contractors through its digital platform.
Operational Breakthroughs
Several operational innovations contributed to Infra.Market’s FY23 success:
- Smart procurement: AI-driven demand forecasting reduced inventory costs by 18%
- Working capital solutions: Custom credit products improved contractor cash flows
- Quality assurance: Standardized material testing reduced disputes by 27%
- Logistics network: Expanded last-mile delivery capabilities to 500+ locations
Sector Impact and Expansion
The construction materials platform has particularly transformed procurement for:
- Large infrastructure projects
- Real estate developers
- Government contracts
- Small and medium contractors
Looking ahead, Infra.Market plans to expand its offerings in:
- Specialty construction chemicals
- Prefabricated building components
- Sustainable construction materials
- International markets with similar fragmentation
Industry analysts note that Infra.Market’s performance demonstrates how digital transformation can create value in traditional sectors like construction, while maintaining strong unit economics.
Mumbai-based construction technology unicorn Infra.Market has reported a consolidated net profit of ₹155 crore in FY23, signaling strong financial resilience despite a slowdown in India’s real estate and infrastructure markets. The company’s revenue surged by 46% year-on-year to ₹11,846 crore, driven by robust demand for building materials, improved procurement efficiency, and digital-first distribution strategies.
Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market leverages technology to streamline the traditionally fragmented construction supply chain. The platform offers a wide range of products—including steel, concrete, cement, tiles, and plumbing materials—directly to infrastructure companies, developers, and retail outlets. By combining B2B e-commerce with offline distribution, the company has built a scalable model that cuts procurement costs while ensuring faster delivery.
In FY23, Infra.Market expanded aggressively into Tier-II and Tier-III cities, capitalizing on India’s government-backed infrastructure push. The firm also strengthened its export operations, supplying to markets across the Middle East, Africa, and Southeast Asia. These international ventures now account for a growing share of revenue, underscoring Infra.Market’s ambition to evolve into a global construction materials powerhouse.
The company has attracted backing from marquee investors such as Tiger Global, Accel, Nexus Venture Partners, and Trifecta Capital, achieving a valuation of nearly $2.5 billion. Unlike many tech startups struggling with profitability, Infra.Market has managed to sustain strong bottom-line growth by focusing on operational efficiency, supply chain digitization, and margin-friendly categories like branded construction products.
Looking ahead, Infra.Market plans to invest in AI-driven procurement, green building materials, and digital financing solutions for SMEs in construction. These innovations aim to tap into India’s $140 billion building materials industry while contributing to the country’s sustainability and infrastructure modernization goals.
As the construction tech sector matures, Infra.Market’s profitability in FY23 sets it apart as one of the rare unicorns balancing scale with sustainable growth. With rising urbanization, government housing schemes, and smart city initiatives fueling demand, the company is well-positioned to play a central role in shaping India’s next phase of infrastructure development.
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