Zomato-backed AdOnMo Scoops Up $7 Million from Investors

Your First Startup28 Mar, 2024News

AdOnMo, an ad-tech company, has mopped up INR 58.21 crore in its Series B1 round. After the Series A round, which was led by Zomato, this is the first infusion in the Hyderabad-based firm. A special resolution has been passed by the board at AdOnMo to issue 36 equity and 4,156 CCPS at a price of INR 1,38,850 each to scoop INR 58.21 crore, revealed from its regulatory report with the Registrar of Companies (RoC).