Reusable packaging startup InfinityBox has raised ₹14 crore ($1.7 million) in a Pre-Series A funding round led by Rainmatter

Bengaluru-based reusable packaging startup InfinityBox has raised ₹14 crore ($1.7 million) in a Pre-Series A funding round led by Rainmatter, the investment initiative of Zerodha. The round saw Rainmatter contributing ₹12 crore, while other investors, including AAR EM Ventures and Capital-A, also participated, investing approximately ₹1.5 crore and additional capital, respectively.

The latest funding marks a significant milestone for the sustainability-focused startup, pushing its post-money valuation to around ₹87 crore, a notable jump from its earlier valuation of ₹48 crore. The fresh capital will primarily be used to expand operations, strengthen product development, invest in capital expenditure (capex), and support working capital requirements as the company accelerates its growth across India’s rapidly evolving food delivery ecosystem.

Founded by Shashwat Gangwal and Keshav Godala, InfinityBox is tackling one of the biggest environmental challenges in the food delivery industry: single-use packaging waste. The startup offers restaurants and food delivery platforms a sustainable alternative by replacing disposable packaging with returnable and reusable food containers.

The company’s model enables restaurants to deliver food in durable containers that customers can return after use, allowing the packaging to be cleaned, sanitized, and reused multiple times. This approach significantly reduces plastic waste while also helping restaurants move towards more environmentally responsible operations.

The concept has gained strong traction among restaurants and food businesses that are increasingly under pressure to adopt eco-friendly practices and meet sustainability expectations from customers and regulators alike.

InfinityBox has already demonstrated strong business momentum. The startup reported that its revenue tripled to ₹18 crore in the last financial year, reflecting growing demand for sustainable packaging solutions. At the same time, the company has made significant progress on the profitability front by reducing its losses to under ₹1 crore, signaling improved operational efficiency and scalability.

Rainmatter’s investment further strengthens confidence in InfinityBox’s long-term vision. With a 14% stake in the company, Rainmatter is backing the startup’s mission to build sustainable infrastructure for India’s food delivery industry.

India’s food delivery market has expanded rapidly in recent years, driven by urban lifestyles and increasing reliance on online platforms. However, this growth has also led to a massive surge in single-use plastic waste, creating an urgent need for sustainable alternatives.

By providing reusable packaging infrastructure for restaurants, InfinityBox is positioning itself at the intersection of sustainability and logistics innovation. With fresh funding and rising demand for eco-friendly solutions, the startup now aims to scale its operations and play a key role in transforming how food delivery packaging works in India.