Almonds Ai Secures Rs 16 Cr In Seed Funding Round

Almonds Ai, a channel loyalty, rewards and engagement solutions platform has raised Rs 16 crore (nearly $1.9 million) in a seed funding round co-led by promoters of Haldiram’s and JITO Incubation and Innovation Foundation (JIIF). 

Venture Catalysts, Ever Grow Capital, Nine ALPS, and other investors such as Hemant Jain and OfBusiness co-founder Nitin Jain also participated in this round.

The startup will use the new funds to speed up research and development, grow its team and change the channel loyalty market.

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Abhinav Jain and Apurv Modi, co-founders at Almonds Ai, said the funding “will enable scale operations, forays to global markets, and foster long-term relationships with channel partners.”

Sagar Gosalia, chief operating officer, JITO Incubation and Innovation Foundation, said the platform “is committed to supporting businesses that leverage technology."

“Almonds Ai’s approach to channel partner engagement is transforming the industry. We see immense potential in their platform,” Manohar Lal Agarwal, chairman and managing director, Haldiram’s, said as part of the statement.

About Almonds Ai

Founded in 2020 by Abhinav Jain and Apurv Modi, the Gurugram-based Almonds Ai aims to transform how brands connect with their distribution networks using advanced AI technology, improving engagement, education, and rewards for retailers, dealers and influencers.

The company’s Channelverse ecosystem and green loyalty programs focus on AI-driven loyalty management and sustainability, helping businesses build stronger, data-driven relationships with their networks.

Almonds Ai serves 100 distribution-focused organizations and has a network of 6 million channel partners, including retailers, dealers, and professionals like drivers, painters and mechanics.

The company believes its AI-powered platform will play a key role in optimizing sales channels, enhancing partner engagement, and boosting customer retention across industries.

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