AI-powered channel loyalty and rewards platform Almonds Ai raises Rs 16 crore

Almonds Ai, an AI-powered channel loyalty and rewards platform based in Gurugram, has raised Rs 16 crore (about $1.9 million) in a seed funding round co-led by promoters of Haldiram’s and JITO Incubation and Innovation Foundation.

The startup will use the funds to boost research and development, strengthen its workforce and improve its product offerings.

Funding and key investors

The round attracted several notable investors, including Venture Catalysts, Ever Grow Capital, Nine ALPS, Hemant Jain and OfBusiness co-founder Nitin Jain.

Almonds Ai’s co-founders, Abhinav Jain and Apurv Modi, said the new capital will help the firm scale its solutions globally and help businesses create long-term relationships with channel partners.

AI-Driven loyalty and sustainability

Founded in 2020, Almonds Ai focuses on transforming how brands interact with retailers, dealers and influencers by using artificial intelligence.

Its flagship Channelverse ecosystem and green loyalty programs aim to set new benchmarks in AI-driven loyalty management and sustainability, helping businesses foster data-driven relationships with their distribution networks.

The startup claims that it works with more than 100 distribution-led organizations and six million channel partners, which include retailers, dealers and professionals such as drivers, painters and mechanics.

Investors comment

“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,” Manohar Lal Agarwal, Chairman & MD, Haldiram stated.

“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, “Sagar Gosalia, COO, JITO Incubation and Innovation Foundation.