Construction goods and services platform Infra.Market has divested approximately 10% of its stake worth $20 million in RDC Concrete to investors led by Ashish Kacholia.
As per the company, the current fundraise has closed at a valuation of approximately $225 million.
Infra.Market had acquired RDC Concrete for $90 million in mid of 2021 when it had 49 RMC plants, which has currently claimed to have grown to 100 plants across 48 cities.
Founded by Anil Banchhor, RDC Concrete manufactures and supplies Ready Mix Concrete (RMC). Apart from normal concrete mixes of various grades, RDC Concrete also produces special concrete solutions using its infrastructure and technology and ensures product and service quality.
RDC Concrete expects to have around 180 RMC plants by the end of FY25.
Tiger Global-backed Infra.Market has now gone beyond B2B and has expanded its focus on retail and B2C opportunities and built its own private labelled brands.
In June, Infra.Market had announced that it is set to acquire majority ownership in Strata Geosystems for an enterprise value of Rs 910 crore from US-based Glen Raven.