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§ Private Profile · Hyderabad, Andhra Pradesh, India
Digital Out-of-Home advertising solutions provider offering targeted ads on mobile and stationary screens for brands.
Adonmo is a Hyderabad, India-based digital out-of-home advertising company that provides context-targeted campaigns through connected LED screens mounted on taxis and installed in commercial spaces. The company operates a network of over 50,000 digital displays across major Indian cities, allowing brands to execute hyper-local, data-driven marketing strategies based on audience segmentation. Supported by a workforce of 25 to 100 employees, the enterprise has raised over $25 million in total funding to scale its proprietary hardware and software infrastructure. Adonmo has secured financial backing from notable investors including Zomato, BAce Capital, and Antler, while serving major corporate customers such as Amazon and IKEA. Zomato notably acquired a 19.8 percent stake in the business for approximately $15 million in 2022 to accelerate its national expansion. The organization was founded in 2017 by Sandeep Bommireddi and Sravanth Gajula.
Adonmo has raised $35.1M across 3 funding rounds.
Adonmo has raised $35.1M in total across 3 funding rounds.
Adonmo has raised $35.1M in total across 3 funding rounds.
Adonmo's investors include BAce Capital.
Adonmo has raised $35.1M across 3 funding rounds. Most recently, it raised $25.1M Other Equity in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 26, 2024 | $25.1M Venture Round | — | — | Announced |
| Mar 27, 2024 | $7M Series B | — | — | Announced |
| Jan 30, 2020 | $3M Venture Round | Bace Capital | — | Announced |