Funding · Professional & Local Services
InfinityBox raises Rs 14.1 crore in Pre-Series A
By Startup Enthusiast ·
- Date
- Company
- InfinityBox
- What it does
- Reusable packaging for food delivery
- Kind
- Funding
- Amount
- Rs 14.09 crore
- Stage
- Pre-Series A
What they do
InfinityBox provides a reusable packaging platform for food delivery and restaurants
What happened
It raised Rs 14.09 crore in a Pre-Series A round led by existing investor Rainmatter
Why it matters
The company's operating revenue grew 3.1 times to Rs 17.81 crore in FY25 while losses narrowed
The details
- InfinityBox raised Rs 14.09 crore in a Pre-Series A funding round.
- The round was led by existing investor Rainmatter, which invested Rs 12 crore.
- Other participants included AAR EM Ventures LLP (Rs 1.5 crore), Manjushree Capital Advisors (Rs 50 lakh), and angel investor Dhyanesh Shah (Rs 9.98 lakh).
- The company issued 26,394 CCCPS (compulsorily convertible preference shares) at Rs 5,342 per share.
- Post-money valuation is approximately Rs 87 crore, up from about Rs 48 crore in the previous round.
- Funds will be used for expansion, product development, capital expenditure, and working capital.
- Post-allotment, Rainmatter holds 13.78% (largest external shareholder), Manjushree Capital Advisors 3.36%, AAR EM Ventures 3.11%, and Dhyanesh Shah 0.11%.
The bigger picture
- InfinityBox's operating revenue grew 3.1 times to Rs 17.81 crore in FY25 from Rs 5.70 crore in FY24.
- Losses narrowed to Rs 63.3 lakh in FY25 from Rs 3.45 crore in FY24.
- The company is addressing the problem of single-use plastic waste in food delivery by offering a circular, returnable packaging system.
About the business
- InfinityBox is a reusable packaging platform for food delivery and restaurants.
- It enables businesses to replace single-use containers with a circular, returnable packaging system.
- The company's operating revenue in FY25 was Rs 17.81 crore.
- It reported losses of Rs 63.3 lakh in FY25.
What happens next
- The company plans to use the funds for expansion, product development, capital expenditure, and working capital.
The deal
- Type
- funding
Investors
- Rainmatter (lead) — Existing investor; invested Rs 12 crore.
- AAR EM Ventures LLP (participated) — Invested Rs 1.5 crore.
- Manjushree Capital Advisors (Capital-A) (participated) — Invested Rs 50 lakh.
- Dhyanesh Shah (angel) — Angel investor; invested Rs 9.98 lakh.
Founders
- Shashwat Gangwal, co-founder
- Keshav Godala, co-founder
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