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AdOnMo Received INR 21.4 Crore Funding

AdOnMo, a Hyderabad based startup, raised around INR 21.4 Crore in pre-series funding round from Ant Financial and Alibaba. AdOnMo is an Out-of-Home digital advertising company that brings together online and offline advertising. Through this funding, AdOnMo planned to invest in product development as well as hire new talent and build on the existing team.   

Sravanth Gajula, co-founder of AdOnMo, said, “We wanted to take a radically different approach to the problems in the advertising industry. 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. Over two years of our growth journey, we have filed seven patents. We expect further growth through more IP and patents in upcoming quarters.”

AdOnMo was founded by Sandeep Bommireddi and Sravanth Gajula in 2017. It aims to digitize advertising to expand the impact on its target audience. AdOnMo’s clients include prominent organizations like Amazon India, Dineout, Apollo Tyres, HDFC Bank and many more. It currently operates in New Delhi, Bengaluru, Hyderabad and Mumbai. An ambitious startup, AdOnMo aims to become a master player in Out-of-Home digital advertising.

Founder of StartupLanes, Shishir Gupta said: Advertising can determine the trust that consumers have on a brand or organization. AdOnMo is doing excellent work by building a bridge between online and offline advertising and making it accessible to the customer. The concept of this startup is both creative and practical. The future of the world is digital advertising and AdOnMo is one of the few pioneer organizations promoting this initiative. This funding will provide AdOnMo the opportunity to expand their network of clients and the audience as well. Congratulations to the Team.

Digital advertising opens a plethora of opportunities for brands as there are over 3 billion people who use the internet. That implies over three billion potential customers that can be reached out.

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