AdOnMo operates digital out-of-home (OOH) advertising screens connected to the cloud that deliver targeted, in-the-moment ads. The platform supports features such as social media-driven ad triggers, dynamic creative optimization, and QR/NFC-enabled interactions to enable offline–online integration and measurable ROI. The company was founded in 2017 by Sravanth and Sandeep Bommireddi and is based in Hyderabad. With the new proceeds it plans to expand from 24 to 40 Indian cities and increase its network by adding 100,000 displays to its current 50,000. Prior capital includes a $15 million Series B investment from Zomato in January 2022; the article reports $43 million has been raised in total to date. The product positioning emphasizes hyperlocal, data-driven campaigns designed to maximize audience engagement and provide quantifiable returns for brands. AdOnMo operates a network of outdoor digital screens and provides targeted digital advertising solutions across residential and corporate parks in 21 cities. The company was founded by Sandeep Bommireddi and Sravanth Gajula and is Hyderabad-based. It plans to use the new proceeds for working capital and business expansion. AdOnMo reported that revenue from operations quadrupled to Rs 75 crore in FY23, while losses for the same period were Rs 38 crore. Media reports estimate a post-money valuation of about Rs 858 crore (roughly $105 million) after the round. AdOnMo is an Indian digital out-of-home (OOH) advertising startup. The company provides digital OOH advertising solutions in India. It has raised $3 million in a new funding round. That round was led by BAce Capital, an India- and Southeast Asia-focused fund backed by Alibaba Group and Ant Financial. The article does not disclose additional investors, the financing instrument, revenue, users, founding year, or use of proceeds. No further operational or strategic details were provided in the article.

Total raised

$35M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2024