New Delhi, March 21 (TIWN) After the Income tax department recently raided a proptech startup based in Pune and Thane and found alleged tax evasion to the tune of Rs 224 crore, reports suggest it is Infra.Market, one of India's fastest growing unicorns.

According to multiple reports, the details point to B2B e-commerce marketplace Infra.Market, backed by Tiger Global, Accel and Nexus and valued at $2.5 billion.

According to CBDT, the startup allegedly obtained huge foreign funding via the Mauritius route, issuing shares at an "exorbitantly" high premium.

The CBDT said a hawala network of some Mumbai and Thane-based shell companies has also been discovered that was involved with the case.