Bengaluru-based startup InfinityBox has successfully raised Rs 14.1 crore in a Pre-Series A funding round led by Rainmatter, with additional investments from AAR EM Ventures and Capital-A. The company plans to utilize the funds for expansion, product development, and operational needs.
InfinityBox, co-founded by Shashwat Gangwal and Keshav Godala, offers a reusable packaging platform for food delivery and restaurants. This system aims to replace single-use containers with a circular, returnable packaging model, contributing to sustainability in the food industry.
With a significant increase in valuation to around Rs 87 crore post-funding, InfinityBox has demonstrated growth. Rainmatter emerges as the largest external shareholder, holding 13.78% stake in the company.
InfinityBox’s operating revenue surged to Rs 17.81 crore in FY25, marking a 3.1X growth from the previous fiscal year. Simultaneously, the company effectively reduced its losses, showcasing a positive trajectory.
Source: Entrackr : Latest Posts