Adloid eyes four-fold jump in revenue; plans to hire from IITs, IIMs

Augmented reality startup Adloid expects a four-fold jump in revenue to USD 4 million this fiscal, and plans to hire about 120 employees.

The firm is also planning to recruit around 40 staff from IITs and IIMs.

The startup is currently doubling down on digital marketing channels for expanding footprints across multiple sectors in India and key markets abroad.

Adloid has joined hands with TCS and SAP for channel expansion in Europe and the US, with over 100 customer access and more than USD 10 million revenue potential.

“In two years, our platform will be used in India and some are from the US. Enterprises are looking to adopt our platform from an omnichannel standpoint.