National, February 14, 2025; In a strategic bet on AI-driven engagement solutions, the promoters of the country’s leading snacks company Haldiram’s and JITO Incubation and Innovation Foundation (JIIF), a platform for startup funding and mentorship have invested Rs 16 crore in Almonds Ai.
Almonds Ai, a rising player in channel loyalty, rewards, and engagement solutions, aims to disrupt how brands interact with their distribution networks.
The funding round also saw participation from Venture Catalysts, Ever Grow Capital, Nine ALPS, and prominent industry leaders such as Hemant Jain (MD, KLJ Group & President, PHDCCI) and Nitin Jain (Co-founder, Of Business), further underscoring investor confidence in AI-driven business models.
Almonds Ai, through its business model, aims to redefine how brands engage with their distribution networks through cutting-edge AI technology, enhancing engagement, education, and rewards for retailers, dealers, and influencers.
The startup plans to utilize fresh capital infusion to accelerate R&D initiatives, expand the team, and enhance product offerings, ensuring the platform continues to innovate and transform the channel loyalty landscape.
“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 aligns with our vision of delivering exceptional customer experiences,” said Manohar Lal Agarwal, Chairman & MD, of Haldiram.
“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
The startup’s flagship Channelverse™ ecosystem and Green Loyalty Programs are trying to set benchmarks in AI-driven loyalty management and sustainability, enabling businesses to build deeper, data-driven relationships with their distribution networks.
With over 100 distribution-led organizations and a network of 6 million channel partners, including retailers, dealers, and professionals such as drivers, painters, and mechanics, Almonds Ai aims to position itself as a leader in the channel loyalty sector.
“This funding marks a pivotal moment for Almonds Ai as we expand our AI-driven engagement solutions. It will allow us to scale operations, enter global markets, and empower businesses with tools that foster meaningful, long-term relationships with their channel partners,” said Abhinav Jain and Apurv Modi, Co-founders, of Almonds Ai.
Industry experts believe that AI-powered platforms like Almonds Ai will play a crucial role in optimizing sales channels, improving partner engagement, and driving customer retention across sectors.