B2B
1 audited teardown. Data first, narratives last.
Fintech (24)D2C (12)E-commerce (7)Consumer (3)Direct-to-Consumer (3)EdTech (3)Mobility (3)NBFC (3)Audio Streaming (2)Consumer Electronics (2)Diagnostics (2)F&B (2)Healthcare (2)Insurtech (2)P2P Lending (2)Quick Commerce (2)Auto-Tech (1)B2B (1)B2B Seafood (1)E-pharmacy (1)Edtech (1)Entertainment (1)Furniture Rental (1)Health & Wellness (1)Health Tech (1)Hospitality (1)Logistics (1)Manufacturing Marketplace (1)Payments (1)Rental Marketplace (1)Roll-Up (1)SaaS (1)Silver Jewelry (1)Social Media (1)Used Car Marketplace (1)Wealth Management (1)
Infra.Market
Infra.Market Grew 37%. Profit Fell. Then Raised ₹3,000 Cr Anyway.
Infra.Market (legal entity: Hella Infra Market Limited) is a profitable B2B construction materials platform that most people assume is loss-making. FY2025 standalone revenue reached ₹6,052.70 Cr, up 37% from ₹4,416 Cr in FY2024. Net profit was ₹247.05 Cr, down from ₹275.28 Cr the year before. The company raised approximately ₹2,970 Cr in new equity in FY2025 despite being profitable, driving net worth from ₹2,556 Cr to ₹5,773 Cr. It also carries ₹4,287 Cr in non-convertible debentures. It has converted from a private to a public company.
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