We initiate coverage on Asarfi Hospitals Ltd (AHL) with a ‘Buy’ rating and a Target Price (TP) of Rs.155 per share, implying 125% upside potential from current levels over the next 24 months. Established in 2008, AHL is a key multi-specialty tertiary healthcare service provider in the Dhanbad Area, founded and managed by first-generation entrepreneur. AHL is a undiscovered gem in healthcare space. AHL operating with a total bed capacity of 300 beds, comprising 250 beds at its Heart and Neuro Hospital, which is operating at occupancy rate of 65% and 50 beds at its New Cancer Hospital, operating at occupancy rate of 25%.
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/