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ValPro is pleased to have advised IndianOil Adani Ventures (formerly known as Indian Oiltanking) in this project on its journey of growth as part of Indian Oil and Adani Group’s collaboration.

Groundbreaking Ceremony for P-25 BOOT Tankages Facilities Project at IOCL Panipat Refinery was held on February 22, 2024

IAVL has made a significant move in their journey, with the groundbreaking ceremony of the P-25 BOOT Tankages Facilities Project at the IOCL Panipat Refinery.

The ceremony was graced with the presence of Capt Anubhav Jain (Managing Director – IAVL), Mr. M L Dharia (ED Panipat Refinery, IOCL), Mr. Ajay Jain (Onshore EPC Head, L & T), and other senior officials from IAVL, IOC and L&T.

The groundbreaking ceremony is the beginning of what promises to be an extraordinary journey. IAVL is committed to delivering this project with the highest standards of safety, efficiency, and excellence. This project marks a significant step towards a brighter future in the oil & gas industry.

AdOnMo has secured USD 25 Mn funding led by Singapore-based VC firm Rigel Capital and Indonesia-based Sinar Mas. The funding round also saw participation from the existing investors. ValPro’s startup advisory vertical, Enablers, was the advisor in this transaction.

Founded in 2017 by Sravanth Gajula and Sandeep Bommireddi, AdOnMo provides outdoor advertising solutions using cloud connected digital screens. The company offers highly targeted campaigns that maximise audience engagement through precision targeting, measurable ROI, and seamless offline-online integration. Its proprietary infrastructure includes advanced features such as dynamic creative optimisation, social media-driven ad triggers, and QR/NFC-powered interactions. It is currently presence in 24 cities with over 50,000 digital displays across India.

The company will use the fund infusion to expand its operation to 40 cities and increase the screen network to 100,000 displays, targeting more than 30 million unique viewers.

Link:

https://www.dealstreetasia.com/stories/rigel-capital-adonmo-413312

https://inc42.com/buzz/zomato-backed-adonmo-raises-25-mn-to-expand-presence-to-40-indian-cities/

https://mystartuplife.in/index.php/2024/09/25/adtech-startup-adonmo-raises-25-mn-in-funding/

Enablers

As an extension of our practice at ValPro, we help early stage ventures with their fundraising process as well as services relating to investor readiness in various forms under Enablers.
Our aim is to provide an easy and speedy process to connect like-minded people who share a common vision to nurture businesses. We handhold young entrepreneurs on end-to-end execution for fundraising. We understand that time is a valuable resource while starting up and thus, ensure a seamless experience to ensure minimal disruption of operational bandwidth for entrepreneurs.
Our careful curation of startup opportunities by way of a deep dive into business models, backed by extensive research helps us present a relevant deal pipeline to investors.

ValPro

ValPro (Value Prolific) is a niche investment bank focusing on customized solutions for clients.Over the past decade, we have successfully executed transactions across sectors including Oil and Gas, Education and Infrastructure with transactions encompassing companies and projects with values in excess of USD 300 mn.

Latest News

ValPro is pleased to have advised IndianOil Adani Ventures in this project on its journey of growth as part of Indian Oil and Adani Group’s collaboration.

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Enablers

ValPro