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Inficold raises $900,000 funding

Noida: Inficold, a cold storage solutions provider, has raised $900,000 (around Rs 6.56 crore).

Investors in this round include Rajasthan Venture Capital Fund (RVCF) and undisclosed high net-worth individuals, Noida-based Inficold said in a statement.

RVCF, which was set up in 2002, has operated three funds, according to its website. Contributors to these vehicles have included domestic and foreign government institutions. Other companies in its portfolio include Freshokartz, Kirana King, and Krimanshi Feeds.

Inficold, operated by Inficold India Pvt Ltd, was set up in 2015 by Himanshu Pokharna and Nitin Goel. The company has developed a retrofittable thermal energy storage technology for cold storage in low-cost mediums including water and ice.

Inficold says it currently has installations in at least 17 states, with a strong presence in the northeast. It is also ramping up production and working on sustainable cooling solutions in the air conditioning space.

Source
VCCiRCLE

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