Explurger, a homegrown social media platform, has successfully raised $4.5 million in a Series A funding round, with Affle (India) Limited leading the investment
This funding round values Explurger at approximately $40 million pre-money, granting Affle a 9.03% stake on a fully diluted basis. Launched in 2021, Explurger has experienced rapid growth, boasting a user base of over 8.5 million across more than 75 countries.
Unique Features Setting Explurger Apart
What sets Explurger apart from other social media platforms is its gamified and AI-powered approach, specifically tailored for travelers. With features like the Automatic Travelogue, Rewards, and Bucket List, Explurger caters directly to the needs of explorers worldwide. By leveraging AI technology, Explurger offers users a unique social media experience that extends beyond traditional likes and shares.
Vision of the Venture
Jitin Bhatia, Founder and CEO of Explurger, expressed excitement about Affle joining the cap table as part of the Series A funding round. He highlighted Affle’s reputation for tech innovations and R&D, emphasizing how their investment validates Explurger’s vision to create a social media platform of the future. Bhatia envisions Explurger as a platform that fosters a globally connected community through the advancements of AI.
Growth and Expansion Plans
With the newly raised funds, Explurger aims to capitalize on the growing social media and travel sectors, particularly in the post-pandemic era where travel and exploration have seen a resurgence. The startup is focused on leveraging this investment to fuel its growth and expansion efforts, tapping into the increasing demand for innovative social media platforms that cater to the needs of modern travelers.ChatGPT can make mistakes. Consider checking important information.