Zomato-backed AdOnMo raises $25M to expand its presence to 40 Indian cities - The funding round was led by Singapore-based VC firm Rigel Capital and Indonesia-based Sinar Mas. - Cofounder Sravanth Gajula said the funds will be used to expand the startup’s presence to 40 Indian cities and increase its number of displays to 100,000 from the current 50,000. - Founded in 2017, AdOnMo provides outdoor advertising solutions, enabling targeted, real-time advertisements on cloud-connected digital screens. Source: Inc42
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