Almonds AI, a channel loyalty and rewards platform, raised Rs 16 crore which comes to about USD 1.9 million in a seed funding round led by Haldiram's promoters and the JITO Incubation and Innovation Foundation (JIIF). Venture Catalysts, Ever Grow Capital, Nine ALPS, and others, including Hemant Jain and OfBusiness Co-founder Nitin Jain, also participated in the round. The proceeds will be used to accelerate R&D initiatives, expand the team, and improve product offerings, according to a press release from Almonds AI.
Almonds Ai, founded in 2020 by Abhinav Jain and Apurv Modi, aims to revolutionize how brands interact with their distribution networks by leveraging cutting-edge AI technology to improve engagement, education, and rewards for retailers, dealers, and influencers.
Almonds Ai claims that its flagship Channelverse ecosystem and green loyalty programs aim to make a difference in AI-driven loyalty management and sustainability, allowing businesses to develop deeper, data-driven relationships with their distribution networks.
The Gurugram-based company claims to have 100 distribution-led organizations and a network of 6 million channel partners, which includes retailers, dealers, and professionals like drivers, painters, and mechanics. Almonds Ai claims that its AI-powered platform will play a critical role in optimizing sales channels, increasing partner engagement, and driving customer retention across industries.
AdvantageClub.ai, an employee engagement platform, raised USD 4 million in its most recent funding round, led by Axilor Ventures, bringing the total funding to USD 11 million. AFG Ventures, Prasanna Sarkar, Bytez Ventures, as well as some existing investors, participated in the round.
