InfiCold
About Startup
InfiCold empowers environmentally responsible cold chain solutions through the deployment of its proprietary “Hybrid Ice Technology” seamlessly integrated with its in-house developed off-grid solar systems. Notably, InfiCold has achieved the distinction of establishing India’s largest off-grid cold storage facility.
The company collaborates with both government and private entities, boasting a prestigious clientele. While originally established in India, they have since expanded internationally. The company is the National Technology Award winner for 2019 by Government of India
Founders
Nitin Goel
Co-Founder and CEO
B-Tech. IIT Bombay | PhD University of Florida
20+ years of experience
10+ Patents
Dr. Himanshu Pokharna
Co-Founder & Chief Technologist
B.Tech. IIT Bombay | MBA Wharton | PhD
30+ Years of Experience
75+ Patents
Key Highlights
ARR (Aug'23)
INR 18 Cr ( USD 2.16 Mn)
Revenue (FY23)
INR 6.17 Cr (USD 741K)
Patents
3 (Filed) | 85+ held by Founders
EBITDA +ve
13% (FY 23-24)
Clients
Indian Army (Covestro) | Wildlife SOS | Sundarban Milk Cooperation | Western Assam Milk Union
Installations
300+ PAN India | 7+ Africa
Key Investors
Deal Details
Current Deal Round
Series A
Round Size
INR 8 Cr (USD 1 Mn) | 5.5 Cr (USD 650K) committed
Valuation
Pre-Money Valuation – INR 60 Cr (USD 7.21 Mn)
Instrument
CCPS
Soonicorn Platform Fee
Admin Fee: 2% of investment amount
Carry: 10%
Minimum Ticket Size per Investor
INR 2,00,000
*AIF Condition : Consolidated commitment for AIF should be more than INR 25 Lacs (USD 31.25K) to qualify as a valid entry to the cap table
Deal Runner
Pitch Deck
Documents
Pitch Call Recording
Will be uploaded Pitch Call
Deep Dive Call Recording
Will be uploaded Deep Dive Call
Business DD Report
To be uploaded soon
Q & A Report
To be uploaded after pitch call
Media
22 Jan 2021
Cold chain startup Inficold raises $900K from RVCF and others
9 May 2022
Multi chamber solar cold storage sytem
Product Demo