India’s Adonmo Bags $3 Million in Pre-Series A Round Led by BAce Capital

India’s Adonmo Bags $3 Million in Pre-Series A Round Led by BAce Capital 13

The adtech company digitizes outdoor advertising media across India primarily through digital car toppers.

Astarc Ventures and Mumbai Angels Network also participate in this funding round.

Adonmo will use the funds to further expand its operations in the country, acquire talent, and accelerate product development.

Established in in 2017, the startup uses hyperlocal intelligence technology to bridge the gap between online and offline advertising channels.

India’s Adonmo Bags $3 Million in Pre-Series A Round Led by BAce Capital 14
Photo credit: Google

Adonmo claims to have served over 250 innovative campaigns across India, involving clients such as Amazon, Honda, HDFC Bank, Ikea, and Reliance Digital, among others.

“We have invested and would continue to invest heavily in technology advancements and make the media tech space not just accountable, but constantly evolving and contextual,” Adonmo Co-founder Sravanth Gajula said.

Ummi Lulu
Journalist at News Asia Today. From Indonesia. I write about life, tech, and business related topics happening in Asia.