Nikhil Kamath, the co-founder of Zerodha, has led a $20 million (₹165 crore) investment round in Infra.Market‘s unit, RDC Concrete.
What Happened: Kamath led the funding round, which saw Infra.Market divest a minority stake in RDC Concrete, as per a NDTV report. Other investors in the round included Capri Global Family Office, Sumeet Kanwar from Verity, and Abhijeet Pai-led Wear Steels. This investment comes on the heels of a previous 10% stake sale in RDC Concrete to a group of investors led by Ashish Kacholia in November 2023.
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Since being acquired by Infra.Market in mid-2021, RDC Concrete has seen significant growth, expanding its operations to over 100 plants across 48 cities. Kamath lauded RDC’s efforts in revolutionising India’s construction sector with its ready-mix concrete, which is not only more efficient but also less polluting.
On May 28, Infra.Market managed to secure an additional $50 million from the MARS Unicorn Fund, a joint venture between Liquidity Group and MUFG. The company, currently valued at $2.5 billion, offers more than 15 different building material product categories under its brand names.
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