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Infra.Market to buy Strata Geosystems
Mint Mumbai
|June 27, 2023
Tiger Global-backed Infra.Market has agreed to buy a majority stake in Strata Geosystems (India) Pvt. Ltd, a geosynthetic manufacturing and geotechnical engineering company.
Infra. Market, a business-to-business marketplace for construction materials, will acquire Strata for ₹910 crore ($110 million) from US fabric manufacturer Glen Raven Technical Fabrics and a group of Indian shareholders, the company said in a statement on Monday. Strata's India unit will buy Glen Raven's geosynthetics business as part of the deal.
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