Overview
- Promoter entities and existing backers invested about Rs 731.6–732 crore, with Silverline Homes contributing roughly Rs 250 crore and Nikhil Kamath’s NKSquared about Rs 200 crore.
- Tiger Global participated with an estimated Rs 176 crore, alongside smaller checks from Accel, Nexus Ventures and Evolvence India, according to the reports.
- The round is priced at a roughly $2.8 billion valuation, unchanged from the prior raise, based on the company’s regulatory filing.
- The financing is intended to boost founders’ ownership toward nearly 30% to formalize promoter status and to strengthen liquidity before a planned listing.
- Infra.Market reported FY24 revenue of Rs 14,530 crore and net profit of Rs 378 crore, with private‑label manufacturing and acquisitions such as RDC Concrete, Shalimar Paints and Emcer Tiles driving scale.