AdOnMo raised INR 58.21 Cr in a Series B1 funding round led by Ravindranath Kancherla and Qatar Insurance Company to expand its business and meet working capital requirements.
Amount Raised
$582 Million
Round Type
Series B
HyderabadAdvertisingMarketingInvestors
Description
AdOnMo, an adtech startup, secured INR 58.21 Cr ($6.99 Mn) in its Series B1 funding round. The funding included investments from Ravindranath Kancherla, Qatar Insurance Company, ZNL Growth, and other investors. The startup plans to use the funds for business expansion and working capital requirements.
Quick answer
AdOnMo raised $582 Million in a Series B round, dated March 27, 2024. Investors: ZNL Growth, Qatar Insurance Company and Ravindranath Kancherla. AdOnMo is based in Hyderabad, Telangana, India.
- How much did AdOnMo raise?
- AdOnMo raised $582 Million in a Series B round on March 27, 2024.
- Who invested in AdOnMo?
- ZNL Growth, Qatar Insurance Company and Ravindranath Kancherla are named as investors in this round.
- What does AdOnMo do?
- AdOnMo is an adtech startup founded in 2016 by Sandeep Bommireddi and Sravanth Gajula, providing outdoor advertising solutions with targeted, real-time advertisements on cloud-connected digital screens.
- Where is AdOnMo based and how big is it?
- AdOnMo is based in Hyderabad, Telangana, India. Fundz records about 201 employees.
- Who are the decision-makers at AdOnMo?
- Fundz holds 1 contact at AdOnMo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Advertising and Marketing around the same time
Companies in the same sectors as AdOnMo that raised within 45 days of this round, from Fundz verified event records.
- Datarize raised $11M (Series B) on May 10, 2024.
- vHub.ai raised an undisclosed amount (Seed) on April 30, 2024.
- Screenverse raised $7.5M on April 30, 2024.
- Screenverse raised $11M on April 30, 2024.
- WorkRex raised $220K (Pre-Seed) on April 22, 2024.
- PostPilot raised $24M on April 15, 2024.
Who to call at AdOnMo, and when
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- An alert the day AdOnMo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at AdOnMo, from your own LinkedIn network
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Funding Insights
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