Deal Details
Deal Type
Equity (Fundraise)
Industry
Mar-tech / Experience-tech
Deal Status
Active
Deal Description
Almond Solutions helps brands/enterprises power and scale their channel and customer engagements with its mobile first and metaverse ready, award winning digital experiences platform - Almond Virtex.
Traction -
* 70+ Enterprise Clients Onboarded
* The World Bank, Coca-Cola, Nestle,GPI, L&T, Loreal among others
* 200+ Events/Projects Delivered
* 500Mn+People we have engaged globally
* ~ $1Mn - Actual - Revenue/Sale - ForFY22
* ~$5Mn (60%+ Confirmed) - Revenue/Sale ForFY23 - 5x Revenue Growth
* In April2022 we signed a $10Mn contract with Coca-Cola for delivering channel engagements in the digital space.
* We cater to the $91Bn opportunity of turning physical engagements into digital and metaverses in the next couple of years.
* Profitable
USA -
* We have just established our presence in the USA
* We have signed two contracts from the USA in the last couple of weeks.
* We have just hired our Sales Head in the USA and a SDR as well.
* Additionally, we have signed two partners (agencies) in the USA who will actively take our platform to their clients.
* We can couple of demoes already lined up for the USA Customers
* Lastly, Almond is metaverse ready, and in our next launch planned for Aug2022, we are expecting a crazy business coming to us (not included in the pipeline)
Fundraising -
* Considering the points mentioned above we are looking to raise $5Mn for this round.
* Our focus is to close this round within the next 6-8weeks, and most of this money will be utilized to serve the clients in pipeline and hire talent.
* With the raise we expect to increase the revenue to $8-10Mn within a year and valuation to $100mn