Zomato-Backed AdOnMo Raises $25 Mn To Expand Presence To 40 Indian Cities

• Adtech startup AdOnMo has raised $25 Mn in a funding round led by Rigel Capital and Sinar Mas.
• The funds will be used to expand its presence to 40 Indian cities and increase its displays to 1 Lakh.
• Founded in 2017, AdOnMo provides targeted, real-time advertisements on cloud-connected digital screens.
• The startup's infrastructure offers features like dynamic creative optimisation and social media-driven ad triggers.
• AdOnMo's last funding round saw Zomato picking up a 19.8% stake, leveraging new digital avenues for customer acquisition.

Source: Inc42