Almonds Ai is a company that helps brands build strong relationships with their retailers and dealers using AI technology. It recently raised Rs 16 crore in funding from big investors like Haldiram’s and JITO Incubation and Innovation Foundation (JIIF). Other investors also joined in.
The company will use this money to improve its technology, grow its team, and offer better rewards programs. Founded in 2020 by Abhinav Jain and Apurv Modi, Almonds Ai helps businesses keep their partners engaged and loyal. It has over 100 business clients and a network of 6 million retailers, dealers, and professionals.
What is Almonds Ai?
Almonds Ai is an AI-driven loyalty and rewards platform that helps businesses engage with their distribution networks, including retailers, dealers, and influencers. It provides AI-powered solutions to enhance engagement, education, and retention strategies for brands.
The company’s key offerings include the Channelverse ecosystem, which replaces traditional loyalty programs with AI-driven engagement, and the Green Loyalty program, which integrates sustainability with eco-friendly rewards. With over 100 business clients and a network of 6 million channel partners, including mechanics, painters, and drivers, Almonds Ai is rapidly expanding.
Recently, it raised Rs 16 crore ($1.9 million) in a seed funding round led by Haldiram’s and JITO Incubation and Innovation Foundation (JIIF), with participation from other investors. The company plans to use the funds to improve its technology, expand its team, and enhance its AI-powered engagement solutions.
With a focus on innovation and global expansion in markets like the Middle East and Southeast Asia, Almonds Ai is transforming how businesses interact with their channel partners, making loyalty programs more efficient, engaging, and data-driven.
Why is This Funding Significant?
This funding is significant because it will help Almonds AI accelerate its growth and enhance its AI-driven loyalty solutions. The Rs 16 crore ($1.9 million) investment, led by Haldiram’s and JITO Incubation and Innovation Foundation (JIIF), provides crucial financial support for research and development, team expansion, and product innovation.
With this funding, Almonds Ai can improve its AI-powered engagement strategies, making loyalty programs more efficient, personalized, and data-driven. Additionally, the investment highlights strong investor confidence in the company’s vision and potential to disrupt the channel loyalty and rewards industry.
It also enables Almonds Ai to expand its presence beyond India, particularly in the Middle East, North Africa (MENA), and Southeast Asia. As AI-driven engagement solutions gain momentum, this funding positions Almonds Ai as a key player in transforming brand-partner relationships, and making customer loyalty programs smarter and more impactful.
How Will the Funds Be Used?
The funds raised by Almonds Ai will be used to accelerate its research and development (R&D), expand its team, and enhance product offerings. A significant portion of the investment will go toward improving its AI-driven engagement and loyalty solutions, making them more personalized, efficient, and data-driven.
Additionally, the company aims to scale its operations and expand globally, focusing on markets like the Middle East, North Africa (MENA), and Southeast Asia. Part of the funding will also support the development of AI agents and large language models (LLMs) to drive smarter engagement strategies for brands.
By strengthening its technology and increasing its workforce, Almonds Ai is set to transform channel partner loyalty and engagement across industries.
Founders’ Perspective
The founders of Almonds Ai, Abhinav Jain and Apurv Modi, see this funding as a crucial step in scaling their AI-driven loyalty solutions and expanding their global reach. They believe that AI-powered engagement will revolutionize how brands interact with their distribution networks, making loyalty programs more efficient, data-driven, and impactful.
With a strong belief in AI-driven transformation, the founders are committed to building next-generation engagement solutions that help businesses create deeper, more effective relationships with their partners.
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Key Takeaways
- Successful Funding Round – Almonds Ai raised Rs 16 crore ($1.9 million) in a seed funding round, led by Haldiram’s and JITO Incubation and Innovation Foundation (JIIF), along with other investors.
- Boosting AI-Driven Loyalty Solutions – The funds will be used to enhance AI-powered engagement, rewards, and education for retailers, dealers, and influencers.
- Global Expansion Plans – The company aims to expand into the Middle East, North Africa (MENA), and Southeast Asia, strengthening its international presence.
- Investment in R&D and Team Growth – A significant portion of the funding will go toward research and development, product innovation, and hiring new talent to scale operations.
- Founders’ Vision for Transformation – Co-founders Abhinav Jain and Apurv Modi see this investment as a pivotal moment for redefining brand-channel partner relationships through AI and sustainability-driven programs.
Conclusion
Almonds Ai’s successful funding round marks a major step toward its growth and innovation in AI-driven loyalty solutions. With Rs 16 crore ($1.9 million) in fresh capital, the company is set to enhance its technology, expand its team, and enter global markets like the Middle East and Southeast Asia.
By leveraging AI and sustainability-focused programs, Almonds Ai aims to redefine brand-channel partner engagement. With strong investor backing and a network of 6 million partners, the company is well-positioned to scale operations, drive deeper relationships, and transform the future of loyalty management in the distribution sector.
