Led · Equity · Sep 2024

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.

Led · Series A · Feb 2024

Metalbook operates a full-stack platform for the metal supply chain, offering services such as credit, logistics, inventory liquidation, and procurement to businesses including SMEs. The company says it works across 16 countries with more than 500 suppliers, dealers, and manufacturers, including ArcelorMittal Nippon Steel, Tata Steel, and JSW. Metalbook was founded in 2021 and is headquartered in Delhi. It completed a $15 million Series A in February 2024 led by Rigel Capital and had earlier raised a $5 million seed round led by Axilor. In FY22 the company reported operating revenue of Rs 85.39 crore and losses of Rs 25.90 crore. Metalbook stated an aim to reach an annualized revenue run rate of $200 million by the end of FY24. Metalbook is an India-based B2B platform focused on the global metal supply chain, connecting a network of metal suppliers and buyers. It offers a full-stack digital supply-chain solution covering manufacturing and procurement of metal, including financing, logistics, scrap recycling, customization, and buying and selling. The company has expanded its product categories to include copper, aluminium, and metal scrap. Metalbook said it is profitable and currently serves more than 1,000 clients across 450 markets. The startup aims to reach an annualized revenue run rate of $200 million by the end of the 2024 fiscal year. Leadership has expressed plans to consider an IPO in four to five years once there is sufficient market track record for investors. Metalbook is a full-stack digital supply-chain platform that connects a global network of metal suppliers and consumers, offering procurement, fabrication, and customization for finished and semi-finished metal goods. The platform facilitates transactions, smart matchmaking, automation of manual tasks, and provides traceability while aiming for competitive pricing and on-time delivery. Today the company focuses on steel and plans to add other metal categories such as aluminum and zinc. Metalbook generated annualized revenue of more than INR 100 Cr in fiscal 2021-22 and targets an annualized run rate of over $100 million by fiscal 2024. The startup intends to use new funding to expand its geographical footprint, strengthen its network of processing centers, grow its workforce, and further develop its platform. The company was founded in 2021 and operates as Mbook Technology Private Limited.