Exclusive: Rainmatter leads InfinityBox’s pre-Series A round

Bengaluru-based reusable packaging startup InfinityBox has raised Rs 14.1 crore in a Pre-Series A funding round led by existing investor Rainmatter, with participation from existing investors AAR EM Ventures and Capital-A.

InfinityBox’s board has approved the issuance of 26,394 Pre-Series A compulsorily convertible cumulative preference shares at an issue price of Rs 5,342 per share for Rs 14.09 crore, its filings with the Registrar of Companies show.

Rainmatter led the round with an investment of Rs 12 crore. The pre-series A round also saw participation from AAR EM Ventures LLP with Rs 1.5 crore, Manjushree Capital Advisors (Capital-A) with Rs 50 lakh, and Dhyanesh Shah, who invested Rs 9.98 lakh.

The company plans to use the fresh proceeds for expansion, product development, capital expenditure, and working capital requirements.

As per Entrackr’s estimates, InfinityBox’s valuation has increased to around Rs 87 crore post-money, up from about Rs 48 crore in its previous round.

Founded by Shashwat Gangwal and Keshav Godala, InfinityBox operates a reusable packaging platform for food delivery and restaurants, enabling businesses to replace single-use containers with a circular, returnable packaging system.

Post allotment, Rainmatter will become the largest external shareholder with 13.78%, followed by Manjushree Capital Advisors with 3.36%, AAR EM Ventures LLP with 3.11%, and Dhyanesh Shah with 0.11%.

InfinityBox recorded a 3.1X growth in its operating revenue to Rs 17.81 crore in FY25 from Rs 5.70 crore in FY24, while its losses narrowed sharply to Rs 63.3 lakh from Rs 3.45 crore in the previous fiscal year (FY24).