Adloid raises $4 Mn in pre-Series A

Chiratae Ventures (Formerly IDG Ventures) and Lenskart Vision Fund led a $4 million pre-Series A round for Adloid, an AR building platform. Prashant Pitti, co-founder of EaseMyTrip, as well as Seeders and 100x Entrepreneur, have also joined the latest round.

Adloid is renaming to Metadome in this round, a metaverse that will give no-code infrastructure to creators and marketers for the virtual world.

Metadome, founded by Shorya Mahajan, Prashant Sinha, and Kanav Singla, delivers augmented reality installations in the automotive, home-decor, cosmetics and accessories, and consumer electronics industries. To build immersive 3D & AR experiences for their consumers, the business collaborates with industry leaders such as Hewlett Packard (HP), Tata Motors, Hero MotoCorp, Asian Paints, and others.

According to the Gurugram-based business, it will grow its product and tech teams and invite the creative community to help construct a metaverse capable of hosting 1 billion experiences per day by 2023. It also intends to improve customer success and delivery in North America and other regions to support its enterprise offerings.

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