Venture Intelligence (TSJ Media Pvt. Ltd.)
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Ad-tech co. Adonmo raises $25-M led by S.E.Asian investors
Hyderabad-based ad-tech firm Adonmo has raised USD 25 million (INR 209 crore) in a funding round led by Singapore-based Rigel Capital and Indonesia-based Sinar Mas. Existing investors and various financial institutions also participated in the funding round.The fresh funds will be used for expanding the company’s markets and customer engagement.Founded in 2016 by Sandeep Bommireddi and Sravanth Gajula, Adonmo provides targeted digital advertising to outdoor digital screens (residential & corporate parks) across 21 cities.
Between Jan-19 and Feb-24, Adonmo had raised over USD 13.6 M from Sharp Ventures, Capier Investments, Astarc Ventures, BAce Capital, Astarc Ventures, Z Nation Lab, others.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.