Digital marketing technology platform Maino.ai announced on Thursday that it has raised $1.8 million (about Rs 15 crore) in a funding round led by India Quotient Advisers LLP. Angel investors Karan Bedi, Janhavi Parikh, and other notable investors also contributed, according to the company’s release.
Rishabh Kumar, one of Maino.ai’s three co-founders, stated that a significant portion of the funds will be used to build and scale teams in key areas such as technology, product development, design, and strategy.
“Additionally, we are focusing on expanding our footprint into new geographies, a strategic decision aligning with our vision to serve a broader audience and tap into new markets, thus creating additional avenues for success,” he added.
The other two co-founders are Vikas Keshri and Abhijeet Kunwar.
India Quotient’s Partner Gagan Goyal mentioned that marketing operations and optimizations are still heavily reliant on manual processes, limiting growth, scalability, and resulting in subpar ROI (Return on Investment).
Maino.ai offers a one-stop solution for all organizational marketing needs and has gained significant traction from brands in various sectors, including media tech and hospitality.
