Spice Route Legal is pleased to have assisted Foundamental, a leading European investment fund with a focus on prop-tech and sustainability, on its participation in Infra.Market’s Series F fundraising round at a valuation of approximately USD 2.79 billion. Infra.Market, a leading technology-driven construction solutions provider based in India, has established itself as a pioneer in leveraging cutting-edge technology to revolutionise supply chain and procurement processes for construction materials.

This investment round saw participation from a club of investors, including Tiger Global, Capri Global, Nuvama, Evolvence, and Nikhil Kamath, further solidifying Infra.Market’s position as a transformative force in the construction industry.

With this funding, the company continues to scale rapidly, recently expanding its retail footprint to over 10,000 touchpoints and operating more than 30 flagship stores across India. These outlets offer a diverse range of construction materials, including concrete, tiles, paint, and modular furniture, highlighting Infra.Market’s commitment to innovation and market leadership.

Ankita Hariramani, equity partner with the technology practice observes, “We have seen a rush of growth stage deals in technology companies that are increasingly profitable and are looking at rapid expansion. The rush to quality has altered deal dynamics significantly. I am most excited to see the companies Foundamental invests in in 2025.”

The Spice Route Legal team that assisted Foundamental was led by Partner Mathew Chacko, with support from Senior Associate Harsh Kumra and Associates Layba Yaseen, Shikhar Srivastava, and Vanshika Mehra.