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

Adtech startup AdOnMo, backed by Zomato, raised $25 million in a funding round led by Singapore-based VC firm Rigel Capital and Indonesia-based Sinar Mas. The funds will be used to expand AdOnMo’s presence to 40 Indian cities and increase its number of digital displays from 50,000 to 100,000. Founded in 2017, AdOnMo provides outdoor advertising solutions through cloud-connected digital screens, enabling targeted, real-time advertisements. The company aims to leverage this funding to enhance its technological capabilities and broaden its market reach. This investment highlights the growing interest in digital advertising solutions and the potential for innovative adtech platforms to transform the advertising landscape in India.