Sonu Sood’s Explurger raises Rs 37 crore in Series A funding
Sonu Sood's travel-focused social media platform, Explurger, has successfully raised Rs 37.3 crore in a Series A funding round from global technology company Affle.
Source: X Photo
While the startup has not disclosed the names of other investors involved in this funding round, it has revealed that the investment occurred at a pre-money valuation of Rs 338 crore.
Source: Pexels
As a result of this investment, Affle will possess a 9.03% stake in Explurger.
Source: Pixabay
Explurger offers personalised travelogues to its users and has amassed a user base of over 8.5 million individuals across 75 countries.
Source: Unsplash
In addition to Affle, other investors in the company include India Discovery Fund, Jaipuria Family Office, Khimji Family Office, Action Group Family Office, and Kajaria Tiles Family Office.
Source: Freepik Photo
Explurger is strategically targeting the rapidly expanding social media market in India and the travel segment to further expand its user base.
Source: Unsplash
The platform competes with both domestic startups like Slick as well as industry giants such as Meta and Snapchat.