Ant Financial: Invests $3M In Indian Startup AdOnMo
- With this deal, AdOnMo is also planning to utilize the funds for product development, building a team, and acquiring talent for the company
- AdOnMo is an online and outdoor advertising company which founded in 2017
- Presently, it is operating in a few cities like Hyderabad, Bengaluru, New Delhi, and Mumbai
- BAce runs a program of investing $150-million in early-stage companies from India and Southeast Asia
- This latest funding is part of the program. BAce has invested in other startups such as Paytm, Zomato, Bigbasket, Rapido
- AdOnMo bridges the gap between the outside, online and offline advertising channels
