News > Tax trouble for Infra.Market; Walmart CEO bullish on PhonePe
Tax trouble for Infra.Market; Walmart CEO bullish on PhonePe
Economic Times | 16/03/2022 09:45 PM | Click to read full article
Business-to-business construction materials startup Infra.Market faces an investigation by tax authorities for allegedly not paying taxes, three people with direct knowledge of the development said.
The raids come at a time when Infra.Market was reportedly stitching together funding round from new and existing investors, looking to raise close to $450 million at a valuation of more than $4 billion.