Mumbai: Almonds Ai has raised INR 16 crore in a seed funding round led by the promoters of Haldiram’s, one of India’s most iconic snack food brands. The round was also supported by renowned investors such as Venture Catalyst, Ever Grow Capital, Nine ALPS, Hemant Jain (MD – KLJ Group, President – PHDCCI), and Nitin Jain (Cofounder – OfBusiness). The investment is made at an undisclosed valuation, marking a significant step forward for Almonds Ai in reshaping the channel engagement landscape.
The funding will empower Almonds Ai to further its mission of transforming how businesses engage, educate, and reward their distribution networks by leveraging cutting-edge AI technology. This strategic investment is a clear indication of the growing importance of AI-driven solutions in modern business operations.
Manohar Lal Agarwal, Chairman & MD of Haldiram’s, commented, “At Haldiram’s, we have always believed in investing in ideas that create real impact. Almonds Ai’s innovative approach to channel partner engagement is transforming the industry. We see immense potential in their platform as it resonates with our vision of delivering exceptional customer experiences. We are excited to be part of their growth story and look forward to the positive impact they will create.”
Sagar Gosalia, COO of JITO Incubation and Innovation Foundation (JITO-JIIF), added, “JITO-JIIF is committed to supporting businesses that leverage technology to bring transformative change. Almonds Ai is revolutionizing channel engagement with AI-powered solutions that drive efficiency and scalability. We believe this investment will help them expand their reach and create a lasting impact across industries.”
Abhinav Jain and Apurv Modi, Co-founders of Almonds Ai, shared, “This funding marks a pivotal moment for Almonds Ai as we set out to redefine how brands engage, educate, and incentivize their channel partners. It will allow us to scale operations, expand globally, and empower businesses with AI-driven tools that foster meaningful, long-term relationships.”
The capital raised will be allocated towards further research and development, team expansion, and enhancing Almonds Ai’s product offerings. The company aims to continue shaping the future of channel loyalty programs and drive greater industry adoption of its AI-powered solutions.
CorpNinja Advisors Pvt. Ltd. (CorpNinja) and Sequitur – Advocates & Legal Consultants (Sequitur) provided end-to-end support to Almonds Ai for valuation, documentation, and finalizing the transaction documents.
