New Delhi: Construction materials supplier Infra.Market arm RDC Concrete has raised around US$20 million from investors to expand its business.
In a statement on Friday, Infra.Markets said it has "sold a minority stake in its subsidiary RDC Concrete to certain investors."
"The company has raised approximately US$20 million from investors led by Nikhil Kamath," it said.
The round saw participation from various investors such as Nikhil Kamath, Capr Global Family Office, Sumeet Kanwar from Verity and VA Steels led by Abhijit Pai.
Infra.Markets had earlier sold 10 per cent stake in RDC Concrete to some investors led by Ashish Kacholia in November 2023.
Infra.Market acquired RDC Concrete in mid-2021 and currently has over 100 plants across 48 cities.
“The investment from leading investors in RDC B is a testament to the team at RDC that has been at the forefront of an amazing journey in building a category-defining building materials company,” said Souvik Sengupta, Co-Founder, Infra.Market.
“We look forward to seeing RDC’s continued growth and contributing to its promising journey in the region,” he said.
In a statement on Friday, Infra.Markets said it has "sold a minority stake in its subsidiary RDC Concrete to certain investors."
"The company has raised approximately US$20 million from investors led by Nikhil Kamath," it said.
The round saw participation from various investors such as Nikhil Kamath, Capr Global Family Office, Sumeet Kanwar from Verity and VA Steels led by Abhijit Pai.
Infra.Markets had earlier sold 10 per cent stake in RDC Concrete to some investors led by Ashish Kacholia in November 2023.
Infra.Market acquired RDC Concrete in mid-2021 and currently has over 100 plants across 48 cities.
“The investment from leading investors in RDC B is a testament to the team at RDC that has been at the forefront of an amazing journey in building a category-defining building materials company,” said Souvik Sengupta, Co-Founder, Infra.Market.
“We look forward to seeing RDC’s continued growth and contributing to its promising journey in the region,” he said.
