Almonds Ai, a channel loyalty and rewards platform, has raised Rs 16 crore (nearly $1.9 million) in a seed funding round co-led by the promoters of Haldiram’s and JITO Incubation and Innovation Foundation (JIIF). Other participants in the round included Venture Catalysts, Ever Grow Capital, Nine ALPS, along with investors such as Hemant Jain and Nitin Jain, co-founder of OfBusiness.
The fresh capital will be directed towards accelerating research and development initiatives, expanding the team, and enhancing product offerings, according to a press release from Almonds Ai.
Revolutionizing Channel Engagement with AI
Founded in 2020 by Abhinav Jain and Apurv Modi, Almonds Ai is focused on transforming how brands engage with their distribution networks. By leveraging AI-driven solutions, the company enhances engagement, education, and reward programs tailored for retailers, dealers, and influencers.
The company’s flagship Channelverse ecosystem and green loyalty programs are designed to set new benchmarks in AI-powered loyalty management and sustainability. Almonds Ai aims to enable businesses to build deeper, data-driven relationships with their distribution networks, fostering long-term engagement and growth.
Expanding Market Presence
Headquartered in Gurugram, Almonds Ai claims to serve over 100 distribution-led organizations with a network comprising 6 million channel partners. This includes retailers, dealers, and professionals such as drivers, painters, and mechanics.
With AI at its core, Almonds Ai asserts that its platform will play a pivotal role in optimizing sales channels, improving partner engagement, and boosting customer retention across various industries.
Industry Momentum in Employee and Channel Engagement
Almonds Ai’s funding comes amid a growing focus on AI-driven engagement solutions. Just two months ago, AdvantageClub.ai, an employee engagement platform, raised $4 million in a funding round led by Axilor Ventures, bringing its total funding to $11 million. Other participants in the round included AFG Ventures, Prasanna Sarkar, Bytez Ventures, and some existing investors.
With its latest funding, Almonds Ai is poised to further innovate within the channel loyalty space, helping brands maximize their engagement strategies through AI-powered insights and automation.
