Maino.ai Secures $1.8 Million in Funding to Expand and Innovate Digital Marketing Solutions

Digital marketing technology platform Maino.ai announced on Thursday that it has successfully raised $1.8 million (about Rs 15 crore) in a funding round led by India Quotient Advisers LLP. The investment round also saw significant contributions from angel investors, including Karan Bedi, Janhavi Parikh, and other marquee investors.

Rishabh Kumar, one of the three co-founders of Maino.ai, stated that a substantial portion of the funds will be allocated to building and scaling teams in key areas such as technology, product development, design, and strategy. “Additionally, we are focusing on expanding our footprint into new geographies, a strategic decision aligning with our vision to serve a broader audience and tap into new markets, thus creating additional avenues for success,” Kumar added. The other co-founders of the company are Vikas Keshri and Abhijeet Kunwar.

India Quotient's Partner, Gagan Goyal, highlighted the challenges in current marketing operations. “Marketing operations and optimisations are still heavily reliant on manual processes, limiting growth, scalability, and leading to a subpar ROI (Return on Investment),” Goyal said. “We have invested in Maino.ai as its mission is to democratize digital marketing tech for companies by providing easy-to-use products that cut down reliance on slow and largely manual third-party agencies.”

Maino.ai offers a one-stop solution for all organizational marketing needs and has gained significant traction from brands across various sectors, including media tech and hospitality. With the fresh influx of funds, the company is well-positioned to further innovate and expand its services, solidifying its place as a leader in the digital marketing technology space.

As Maino.ai continues to grow and evolve, it remains committed to its vision of providing advanced, accessible digital marketing solutions to a global audience.