BAce Capital leads $3 Mn worth funding round in AdOnMo


Indian digital out-of-home (OOH) advertising startup AdOnMo has raised $3 million in a new funding round led by Alibaba-backed BAce Capital along with Astarc Ventures and Mumbai Angels Network also participated. The company would deploy the capital towards its product development, talent recruitment, and further expand its operations in India.

Founded in 2017 by Sandeep Bommireddi and Sravanth Gajula, AdOnMo primarily provides outdoor advertising solutions that allow clients to display advertisements on LED screens mounted on taxis. (Source)

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