Tiger Global will increase its investment in Infra.Market by $125 million. The deal will be worth approximately $2.5 billion to the homegrown technology startup. The new funds will be used for capital expansion in the domestic market by the company. During a funding round last year, the startup was valued at $1 billion.

Infra.Market is a technology company based in mumbai is attempting to change the way construction and real estate companies obtain materials for their projects.

According to Bloomberg, the announcement could come as soon as Monday. The discussions, however, could go either way, according to the news site.

Tiger Global and Infra.Market both declined to comment on the development.

Tiger Global, along with Evolvence India Fund, Sistema Asia Fund, Foundamental, Accel, and Nexus, participated in a $20 million funding round in 2019. “Infra.Market assists small businesses, such as paint and cement manufacturers, in improving the quality of their production and meeting various compliances.

The startup integrates its load cells into the manufacturing facilities of these small businesses to ensure no quality lapses, and it also assists them in collaborating with other businesses that can provide them with better raw materials and pricing guidance. It also works closely with businesses to ensure on-time delivery,” the company stated in a press release announcing the $20 million investment.

Infra.Market Export initiatives were launched in three countries by the company in 2019.

The Mumbai-based startup, founded in 2017 by Souvik Sengupta and Aaditya Sharda, aims to change the way construction and real estate companies procure materials such as cement, flyash, ready mix concrete, construction chemicals, and more for their projects. Regional offices are located in Noida, Gurugram, Delhi, Kochi, Bangalore, Hyderabad, Pune, and Nashik.