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.
Mar 27, 2024•over 1 year ago
Amount Raised
$582 Million
Round Type
series b
HyderabadMarketingAdvertisingInvestors
Znl GrowthQatar Insurance CompanyRavindranath Kancherla
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech