AdOnMo to merge with Mygate to become a ₹3,500-crore entity

Digital advertising platform AdOnMo is set to merge with Mygate in an all-stock deal, creating an entity worth ₹3,500 crore with a ₹500-crore projected annual revenue. After the proposed merger, its founders Sandeep Bommireddi and Sravanth Gajula will join Mygate's board as Co-founders. With this, Mygate will branch out into housing society advertising, a field where AdOnMo is currently operating.