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Funding · Professional & Local Services

InfinityBox raises Rs 14.1 crore in Pre-Series A

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Date
Company
InfinityBox
What it does
Reusable packaging for food delivery
Kind
Funding
Amount
Rs 14.09 crore
Stage
Pre-Series A
Sector
Professional & Local Services

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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