About Rinac
Rinac is a company based in Bengaluru (India) founded in 1994 by P V Sukumaran and Balasubramanian Vaidyanathan Puthucode.. Rinac has raised $7.95 million across 3 funding rounds from investors including Piramal Group, Sunil Agro Foods and Avigo Capital Partners. The company has 353 employees as of March 22, 2025. Rinac offers products and services including Modular Cold Rooms, Refrigerated Transportation, and Smart Toilets. Rinac operates in a competitive market with competitors including NewCold, HAVI, Figorr, Refrig-It and Gubba Cold Storage, among others.
- Headquarter Bengaluru, India
- Employees 353 as on 22 Mar, 2025
- Founders P V Sukumaran, Balasubramanian Vaidyanathan Puthucode
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Rinac India Limited
- Date of Incorporation 31 Jan, 1994
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$50 M (USD)32.99as on Mar 31, 2023
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Net Profit
$1.52 M (USD)101.62as on Mar 31, 2023
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EBITDA
$2.33 M (USD)69.11as on Mar 31, 2023
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Total Equity Funding
$7.95 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Piramal Group
& 10 more
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Employee Count
353
as on Mar 22, 2025
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Products & Services of Rinac
Rinac offers a comprehensive portfolio of products and services, including Modular Cold Rooms, Refrigerated Transportation, and Smart Toilets. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insulated rooms for storing perishable goods in controlled temperatures
Solutions for transporting temperature-sensitive products safely
Self-cleaning and sustainable toilet systems for public use
Funding Insights of Rinac
Rinac has successfully raised a total of $7.95M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(31 Mar 2006)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Debt – Conventional - Rinac | Valuation |
investors |
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| Jun, 2007 | Amount | Unspecified - Rinac | Valuation | Avigo Capital Partners , Metmin Investments |
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| Mar, 2006 | Amount | Unspecified - Rinac | Valuation | Sunil Agro Foods , Modular Coldrooms |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rinac
Rinac has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Piramal Group, Sunil Agro Foods and Avigo Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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PE firm invests in India
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Private equity investments are directed toward the FMCG sector.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rinac
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rinac
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rinac Comparisons
Competitors of Rinac
Rinac operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NewCold, HAVI, Figorr, Refrig-It and Gubba Cold Storage, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cold chain logistics services are provided for temperature-sensitive goods.
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| domain | founded_year | HQ Location |
Provider of marketing analytics, packaging, supply chain management and logistics services
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| domain | founded_year | HQ Location |
Temperature monitoring solutions are delivered through a cloud-based platform.
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| domain | founded_year | HQ Location |
Temperature controlled warehousing services provider
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| domain | founded_year | HQ Location |
Provider of cold storage services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Rinac
When was Rinac founded?
Rinac was founded in 1994 and raised its 1st funding round 12 years after it was founded.
Where is Rinac located?
Rinac is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Rinac?
Soji Abraham is the current CEO of Rinac.
Is Rinac a funded company?
Rinac is a funded company, having raised a total of $7.95M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $283.38K, raised on Mar 31, 2006.
How many employees does Rinac have?
As of Mar 22, 2025, the latest employee count at Rinac is 353.
What is the annual revenue of Rinac?
Annual revenue of Rinac is $50M as on Mar 31, 2023.
What does Rinac do?
Provider of design, manufacturing, and installation solutions for cold chain and clean construction industries. It manufactures a range of products, include ripening chambers, display chiller, individual quick freezers, step-in chillers, insulated panels, curd incubation chambers, and blast chillers. It primarily serves a diverse range of industries focused on cold chain solutions and clean construction, include Food and Beverage, Dairy Industry, Healthcare and Pharmaceuticals, Hospitality, and Warehousing and Refrigerated Logistics.
What products or services does Rinac offer?
Rinac offers Modular Cold Rooms, Refrigerated Transportation, and Smart Toilets.
Who are Rinac's investors?
Rinac has 11 investors. Key investors include Piramal Group, Sunil Agro Foods, Avigo Capital Partners, Avigo Capital Partners, and Metmin Investments.
What is Rinac's valuation?
The valuation of Rinac is $32.66M as of Jun 2007.
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