Infra.Market Eyes $150 Million Pre-IPO Fundraise

• 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