InfinityBox Secures Rs 14.1 Crore in Pre-Series A Funding
Bengaluru-based reusable packaging startup InfinityBox has successfully secured Rs 14.1 crore in a Pre-Series A funding round. This round was led by existing investor Rainmatter, with contributions from other investors like AAR EM Ventures and Capital-A.
Details of the Funding Round
InfinityBox’s board has given the green light for the issuance of 26,394 Pre-Series A compulsorily convertible cumulative preference shares, priced at Rs 5,342 each, totalling Rs 14.09 crore, according to the company’s filings with the Registrar of Companies. Rainmatter spearheaded the investment with Rs 12 crore, while AAR EM Ventures LLP contributed Rs 1.5 crore, Manjushree Capital Advisors (Capital-A) invested Rs 50 lakh, and Dhyanesh Shah placed an investment of Rs 9.98 lakh.
Planned Use of Funds
The startup intends to utilise the new funds for its expansion, product development, capital expenditure, and working capital needs. As estimated by Startup Superb, the valuation of InfinityBox has risen to approximately Rs 87 crore post-funding, a significant increase from around Rs 48 crore during the previous round.
About InfinityBox
Founded by Shashwat Gangwal and Keshav Godala, InfinityBox provides a reusable packaging platform designed for food delivery services and restaurants. This platform allows businesses to transition from single-use containers to a sustainable, circular returnable packaging system.
Following the allotment of shares, Rainmatter will emerge as the largest external shareholder with a 13.78% stake. This will be succeeded by Manjushree Capital Advisors with 3.36%, AAR EM Ventures LLP with 3.11%, and Dhyanesh Shah holding 0.11%.
Financial Performance
InfinityBox has experienced a remarkable growth in operating revenue, witnessing a 3.1X increase to Rs 17.81 crore in FY25 from Rs 5.70 crore in FY24. Concurrently, the company’s losses have substantially decreased from Rs 3.45 crore in the previous fiscal year (FY24) to Rs 63.3 lakh.