Exclusive: Infra.Market Raises $12 Mn Debt From SK Finance

Exclusive: Infra.Market Raises $12 Mn Debt From SK Finance

SUMMARY

Infra.Market will utilise the fresh capital for its working capital requirements and general corporate purposes

SK Finance is an NBFC focussed on automobile loans, including commercial vehicles, and business loans

The fresh development comes close on the heels of Infra.Market divesting 10% stake in its subsidiary RDC Concrete

Construction solutions startup Infra.Market has raised INR 100 Cr ($12 Mn) in a debt round from non-banking financial company SK Finance Ltd.

The startup’s board of directors passed a resolution last week to raise INR 100 Cr by allotting 1 Lakh unlisted, redeemable, non-convertible debentures to SK Finance. 

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