MyGate and Adonmo merger: Mygate, Eternal-backed digital ads firm Adonmo to merge, create Rs 3,500 crore entity

MyGate and Adonmo merger: Mygate, Eternal-backed digital ads firm Adonmo to merge, create Rs 3,500 crore entity



Housing society management platform Mygate and Eternal-backed digital advertising company Adonmo are merging in an all-stock deal that will create a combined entity with Rs 500 crore in annual revenues. Mygate cofounder and CEO Abhishek Kumar told ET that the merger will help the company diversify its business beyond in-app ads to advertising in housing societies, where Adonmo is currently present.According to people in the know, the combined



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