OneOneDay, ad-tech startup, has raised $1.3 million (approx INR 9 crore) as part of its pre-series A round of funding from Chinese investors.
The company OneOneDay said that it would use the funding to scale up its sales operations and enhance the platform.
It also said it expects to reach 10 million users by 2020. It also plans to launch a browser plug-in and TV app shortly.
OneOneDay has recently, launched its app ‘Oodies‘ in India, which lets users watch ads that they like and pays them for it, with a portion of the earnings also going to a social cause of the user’s choice.
Rohan Malhotra, angel investor said, “The Oodies vision is an impact-driven mission which rewards viewers for their valuable time and attention by democratising the ad market and enabling us to choose media that is relevant to us and can be monetised.”
Rick Tsing, founder and chief executive of the company said, “We’ve built a team and a platform which has doing good woven into its DNA. Giving back to our users and giving back to social impact funds is at the heart of what we do and this initial funding round will support us in developing a platform which ultimately help us fulfil our vision.”
Adding on, the company OneOneDay has also signed a partnership with Airtel. The startup has raised $2.3 million so far from seed and pre-series A rounds of funding.
After the round, the company’s total valuation touches at $12.8 million (approx INR 90 crore).