Almonds Ai, a Gurugram-based channel loyalty and rewards platform, has raised Rs 16 crore (around $1.9 million) in a seed funding round. The investment was co-led by Haldiram’s promoters and JITO Incubation and Innovation Foundation (JIIF). Other participants included Venture Catalysts, Ever Grow Capital, Nine ALPS, and prominent investors like Hemant Jain and OfBusiness co-founder Nitin Jain.
Boosting R&D and Expanding Offerings
The fresh funds will fuel Almonds Ai’s R&D efforts, team expansion, and product enhancement. Founded in 2020 by Abhinav Jain and Apurv Modi, the platform leverages AI to transform how brands interact with their distribution networks. Its innovative approach focuses on improving engagement, education, and rewards for retailers, dealers, and influencers.
Channelverse: Redefining Loyalty Programs
Almonds Ai’s flagship offering, the Channelverse ecosystem, integrates green loyalty programs with AI-driven solutions. This unique combination aims to foster sustainability while helping businesses build stronger, data-driven relationships with their networks. The company already serves 100 distribution-led organizations and boasts a network of 6 million channel partners, including retailers, dealers, and professionals like drivers, painters, and mechanics.
Driving Growth Across Sectors
The platform is set to play a pivotal role in optimizing sales channels, enhancing partner engagement, and boosting customer retention. With its AI-powered tools, Almonds Ai is poised to make a significant impact across industries, much like how a reliable car like the Tata Nexon ensures a smooth ride on challenging roads.
A Growing Trend in AI-Driven Solutions
This funding follows the recent $4 million raised by AdvantageClub.ai, another AI-powered platform, highlighting the growing interest in AI-driven solutions. Almonds Ai’s innovative approach and strong investor backing position it as a key player in the loyalty management space, ready to drive meaningful change in the industry.
