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Funding Round Profile

InfinityBox

start up
India - Bengaluru East, Karnataka
  • 20/10/2022
  • Seed
  • $800,000

A revolutionizing solution aimed towards creating a circular economy for reusable and recyclable environment-friendly food packaging containers.


Related People

Shashwat GangwalFounder

Shashwat Gangwal India - Bengaluru, Karnataka

Shashwat is currently the youngest senior investment manager at an impact-focused fund, Sagana, where he looks at FoodTech, alternatives to plastic, and Climate-related solutions. He worked for Mckinsey & Co as a consultant and graduated from IIT Kharagpur at the top of his class in 2019. At Mckinsey, he worked across sectors- Delivered 200Cr in Indirect cost savings in Pharma industry to one of the largest PharmaCos in India, suggested strategies to reduce the TAT of Vendor Financing for MSME loans from 15 days to < 1 hour for one of the largest public sector banks, surveyed farmers across 8 states to understand the impact of Covid and presented that to the top CXOs in the country, and helped one of the largest NGOs in the world to raise funds amounting to ~$10M.

Always keen on learning about new sectors and assessing the viability of businesses and products, he has interned with Nomura Holdings where he developed strategies for investors in multiple countries and has also written multiple research papers on Bitcoin.

Besides that, he is a passionate social entrepreneur. He has founded a startup in the food-delivery industry - InfinityBox, which has now partnered with Swiggy to do away with single-use plastic containers and replace them with reusable food-grade containers. To date, InfinityBox has conducted 3 pilots across three cities with 70% adoption and 85%+ Collection Rate while reducing 40KGs+ single-use plastic. He is also the host of India's first podcast with insight into circular economy across industries which featured Fortune 500 CSOs to help raise awareness.
Working with UNDP in Jordan, having represented India at Unleash Singapore, and being a member of the Hult Prize community are some of his other experiences in the space.