Explurger raises $4.5 million investment in Series-A Funding by Affle India

Social media platform Explurger announced that it has raised an investment of  $4.5 million (Rs 37.3 crore) in a Series-A funding led by Affle (India) at a pre-money valuation of about $40 million (Rs 338 crore).  With this investment, Affle (India) will hold a 9.03%  stake (on a fully diluted basis) of Explurger.

Launched in 2021 in India, Explurger has garnered more than 8.5 million users across 75+  countries. This “Gamified” AI-powered vertical consumer-tech social media  platform for travelers, is listed by Google as one of ‘10 Most Innovative Apps Making Mark in  India and Beyond’.

With an AI-centered social media format, the app has features such  as Automatic Travelogue, Rewards and Bucket List to cater to the distinctive needs of travelers and  explorers. The company expects to target the growing social media users in India and the world, amidst a  renewed interest in the travel segment in the post-pandemic world. 

Speaking about the investment, Jitin Bhatia, Founder and CEO of Explurger, said, “We're thrilled to  welcome Affle on our cap table as part of Series-A funding round. Affle is already a leading name known  for their tech innovations and R&D, and with them as an investor, it validates our vision to build a social  media platform of the future that goes beyond likes and shares, and truly builds a global connected  community using the advancements of AI. We look forward to the next phase of our growth story and are  grateful for the confidence shown in us by the team at Affle.”

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