How Maino.ai utilized their $1.8 million raise to enhance their marketing platform capabilities

Digital Marketing Innovator Maino.ai Secures $1.8 Million in Funding Led by India Quotient Advisers LLP

On June 6, Maino.ai, a pioneering digital marketing technology platform, announced it has successfully raised $1.8 million (approximately Rs 15 crore) in a funding round spearheaded by India Quotient Advisers LLP.

This funding round also saw significant participation from esteemed angel investors, including Karan Bedi and Janhavi Parikh, along with other prominent investors, according to the company’s press release.

Rishabh Kumar, one of Maino.ai’s co-founders, highlighted that a significant portion of the funds will be dedicated to expanding and strengthening teams in critical areas such as technology, product development, design, and strategy.

“Moreover, we are committed to extending our reach into new geographies. This strategic move aligns with our vision to serve a wider audience and penetrate new markets, thereby creating additional pathways for success,” Kumar added.

Maino.ai was co-founded by Rishabh Kumar, Vikas Keshri, and Abhijeet Kunwar.

Gagan Goyal, Partner at India Quotient, emphasized the current dependency on manual processes in marketing operations, which hampers growth, scalability, and ROI (Return on Investment).

“Our investment in Maino.ai is driven by its mission to democratize digital marketing technology for companies. Maino.ai offers user-friendly products that reduce reliance on slow and largely manual third-party agencies,” Goyal explained.

Maino.ai is delivering a comprehensive solution for all organizational marketing needs, gaining significant traction from brands across various sectors, including media tech and hospitality.