Indian law firm Argus Partners has advised Infra.Market, a leading technology-driven construction solutions provider, on its pre-IPO fundraising of $121 million, which saw participation from Tiger Global, Foundamental, Capri Global, Nuvama, Evolvence, and Nikhil Kamath.
Bengaluru-based Spice Route Legal advised European investment fund Foundamental GmbH, while AZB & Partners advised international venture capital firm Tiger Global.
“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,” noted Spice Route equity partner Ankita Hariramani.
The funding comes ahead of the company's initial public offering planned later this year. The company, which provides cement, tiles, and paints to large-scale infrastructure projects in India, has also appointed eight investment banks for its IPO.
The Argus deal team was led by partners Anindya Ghosh and Anantha Krishnan Iyer, and included associates Aditya Prasad and Khushi Bhardwaj.
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.
