MARS Unicorn Fund, a joint venture between AI-driven fund Liquidity Group and Japanese bank MUFG, is an existing backer of the Mumbai-headquartered startup, having invested $50 million in it in 2022. The new investment, a primary fundraise (structured with both debt and equity) by Infra.Market’s Singapore unit, values the startup at $2.5 billion — retaining the 2021 Series C’s valuation.