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INFRA.MARKET ACQUISITION
Jumbotail’s unicorn round; Infy on employees’ mental healthB2B firm Jumbotail has become a unicorn with its latest $120 million funding round. This and more in today’s ETtech Top 5.- FMCG’s ecommerce push; Govt targets financial fraudHappy Friday! Consumer firms are betting big on their own ecommerce platforms. This and more in today’s ETtech Morning Dispatch.
- Aris Infra files draft IPO papers, plans to raise Rs 600 croreMumbai-based Aris Infra intends to use the net proceeds from the IPO to repay and prepay outstanding borrowings, support its working capita...
- Infra.Market sells 10% stake in RDC Concrete for $20 millionThe current fundraise values RDC Concrete at $225 million, Infra.Market said. It had acquired RDC Concrete for $90 million in September 202...
- Infra.Market to buy majority stake in Strata Geosystems for $111 millionThe business-to-business (B2B) platform for construction materials plans to fund the acquisition by raising $150 Million from Varde Partner...
- Infra.Market achieves 6X growth in operational profitability, EBITDA crosses Rs 400 croreThe company's revenue grew from Rs 1243 crore in Financial Year 2021 to 6236 crore in Financial Year 2022.
- ETtech Deals Digest: big-ticket funding is aliveShareChat and AlphaSense were the startups that raised the biggest funding this week.
- Infra.Market hid Rs 224 crore of income, I-T probe finds; cofounder distances himself from TrellOn Sunday, the department said in a press statement that it has found evidence of attempted tax-evasion at “a startup based in Pune and Tha...
- Tax trouble for Infra.Market; Walmart CEO bullish on PhonePeThe company faces an income tax investigation after officials raided its offices in many cities, sources told us.
- India’s tech startups step up campus hiring to meet manpower needsHiring from campuses will help startups nurture young talent and create more stickiness among them. They are also offering attractive pay c...
- Tiger Global-backed Infra.Market buys RDC Concrete for Rs 730 croreInfra.Market acquired 100% stake in RDC for Rs 730 crore ($100 million), according to people aware of the development. True North acquired ...
- Acquihiring rises among startups as talent becomes real differentiatorIn the last one year, over a dozen Indian startups—from Byju's to HealthifyMe—have been on an acquihiring spree to not only fill a market g...
- Unicorn valuations gallop in record time amid IPO rushFewer available assets, Covid-led growth, cheap liquidity accelerate valuation by 12-18 months
- Nykaa files for IPO; Infra.Market worth $2.5BFrom Nykaa filing its IPO to Infra.market's new fundraising and Deepinder Goyal's interview, here's a quick look at the top tech news today.
- Infra.Market gets funding at $2.5-billion valuation, eyes acquisitionsInfra.Market, after its latest funding round, is looking to acquire medium-sized brands in the construction space to widen offerings within...
- Infra.Market acquires Hyderabad-based Equiphunt in $10-million dealAs part of the Infra.Market-Equiphunt deal, Equiphunt founder Shashank Dangayach will get a stake in Infra.Market and Manish Sharma of Infr...
- Indian startups raised $7.8 billion in first four months of 2021Startup funding party continues amid second wave of Covid-19
- Gupshup lands $100 million from Tiger Global, valuation hits $1.4 billionGupshup plans to use the new capital to scale its product suite and go-to-market initiatives across the world.
- ETtech Deals Digest: Innovaccer, Infra.Market become unicorns, Zomato’s funding spreeThe week through 26 February was one of large funding deals, with Tiger Global emerging as a common thread among three of them.
- InnoVen Capital makes its second investment in Infra.MarketInfra.Market, which provides building material to L&T, Tata Projects and Ashoka Buildcon, is now well-capitalised to execute its growth age...
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