Hyderabad- based outdoor advertising startup badded USD 3 Mn ina Pre-Series A financing round led by BAce Capatal which is backed by Ant Financial. The round also included participation from Astarc Ventures and Mumbai Angel Network.

The startup is operational in four metros including Mumbai, Hyderabad, New Delhi, and Bengaluru. It will be using these

funds to further expand its operations in the country. The capital will also be utilised for product development, building upon the existing team, and acquiring newer talent.

The company is India's first contextually targeted digital Out-of-Home (OOH) advertising medium. Its quest for innovative yet affordable advertising is driven by the constant thrust into technology. Founded by the alumnus of ISB and IIT, the company has made quite a significant progress by claiming the relevant technology patents in India and overseas. Further, Adonmo's journey is fostered by elite National clientele, the likes of Arka Media and CII.

With its cutting-edge hyper local intelligence technology, AdOnMo is determined to democratise the Outdoor Ad industry by bridging the gap between online and offline advertising worlds, hence making it more affordable to small and medium scale companies aspiring for ads.

It boasts of Amazon, Honda, Exide, HDFC Bank, Ikea, Reliance Digital as its clients. Bace Capital invests in early-stage firms in emerging economies, primarily focusing on India and Southeast Asia.