Explurger Secures USD 4.5 Million in Series-A Funding Led by Affle

Feb 14, 2024 Mark

New Delhi, India, Feb 14, 2024: Explurger, the homegrown social media platform revolutionizing the travel experience, has announced the successful closure of its Series-A funding round, raising USD 4.5 million (INR 37.3 Cr). Affle (India) Limited, a leading player in mobile marketing and advertising technologies, spearheaded the investment, positioning Explurger for accelerated growth and expansion.

Launched in 2021, Explurger has rapidly amassed over 8.5 million users across 75+ countries, establishing itself as a pioneering force in the realm of AI-powered vertical consumer-tech social media platforms for travelers. Recognized by Google as one of the ’10 Most Innovative Apps Making Mark in India and Beyond,’ Explurger sets itself apart with its gamified features, including Automatic Travelogue, Rewards, and Bucket List, tailored to the unique preferences of travelers and explorers.

Jitin Bhatia, Founder & CEO of Explurger, expressed enthusiasm about the partnership with Affle, stating, “We’re thrilled to welcome Affle to our cap table as part of our Series-A funding round. Affle’s reputation for tech innovation and research and development aligns perfectly with our vision to create a social media platform of the future. With their investment, we aim to further solidify our position in the global market and continue building a connected community that transcends geographical boundaries, driven by the power of AI.”

The investment from Affle, valuing Explurger at approximately USD 40 million (INR 338 Cr) pre-money, underscores the platform’s robust potential and attractiveness to global investors. As the travel and tourism industry experiences a resurgence post-pandemic, Explurger is poised to capitalize on this momentum, targeting the growing social media user base in India and beyond.

With the backing of Affle and a clear vision for the future, Explurger is well-positioned to redefine the landscape of social media for travelers and explorers, fostering connectivity and community through innovative AI-driven solutions.

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CATEGORIES : Finance Funding


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