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News on Medial
Homegrown social media platform Explurger raises $4.5M in funding led by Affle
IndianStartupNews
ยท
1y ago
Medial
Explurger, a social media platform aimed at travelers, has raised $4.5 million in a Series A funding round led by Affle (India) Limited. The platform, launched in 2021, has gained over 8.5 million users across 75 countries and distinguishes itself with features such as an Automatic Travelogue and gamified elements. With this funding, Explurger aims to capitalize on the growing social media and travel sectors in the post-pandemic era.
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Explurger raises $4.5 million in funding round led by Affle
Economic Times
ยท
1y ago
Medial
Social media platform for travellers, Explurger, has raised $4.5 million in a Series A funding round led by Affle (India) Limited. The funding will be used to scale up growth initiatives and integrate newer technologies such as artificial intelligence. Explurger, launched in 2021, aims to build a global connected community using AI advancements and cater to the expanding social media user base in India and worldwide. The company had previously raised $1 million in a pre-Series A round from various investors.
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Sonu Soodโs Explurger Raises $4.5 Mn From Affle, Others
Inc42
ยท
1y ago
Medial
Explurger, a travel-focused social media platform co-founded by Bollywood actor Sonu Sood, has raised $4.5 million in a Series A funding round led by Affle (India) Ltd. The funding round valued Explurger at $40 million. The platform creates personalized travelogues for users and uses gamification principles to engage and incentivize users. With over 8.5 million users across 75+ countries, the startup plans to use the funding to fuel its growth. Other investors in Explurger include India Discovery Fund, Jaipuria Family Office, Khimji Family Office, Action Group Family Office, and Kajaria Tiles Family Office.
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Celadyne Raises $4.5M in Seed Funding
Finsmes
ยท
1y ago
Medial
Chicago-based decarbonization and hydrogen solution company, Celadyne, has secured $4.5 million in Seed funding. Led by Maniv and Dynamo Ventures, with EPS Ventures also participating, the funds will be used to expand the team, which includes engineers from various backgrounds, and support the development of its materials technology. Celadyne offers advanced technologies and materials to fuel cell and utility companies, making hydrogen production and usage more efficient across heavy-duty industries. The company is set to double its customer base by the end of the year.
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Angels sit on multibagger gains as Sonu Sood's social media app gets $45-mn tag
VCCircle
ยท
1y ago
Medial
New Delhi-based social media app, Explurger Pvt. Ltd, co-founded by actor Sonu Sood, has attracted angel investors who are now enjoying substantial gains as the company raises funds at a significantly higher valuation. The app, focused on the travel sector, recently secured a new round of investment at a valuation of $45 million.
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Web3 startup Fetcch, social media app Medial raise early-stage funding
VCCircle
ยท
1y ago
Medial
Web3 infrastructure platform, Fetcch, has raised $1.5 million in a pre-seed funding round, led by AppWorks Venture and Hashkey Capital. Fetcch offers secure deposit functions to institutional platforms and has integrated with 23 wallets. Social media app, Medial, has raised around $120,000 in a pre-seed funding round led by FirstCheque VC. Medial aims to be a platform for professionals and plans to launch an integrated platform for professionals in startups.
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Bulk Exchange raises $4.5M to help construction companies source bulk materials
Ycombinator
ยท
1y ago
Medial
Construction marketplace startup, Bulk Exchange, has raised $4.5 million in seed funding primarily from industry professionals. The platform aims to simplify the process of buying and disposing of construction materials by connecting suppliers, dumpsites, contractors, and estimators. Estimators can quickly source input material costs for projects, while Bulk Exchange facilitates transactions between buyers and sellers. The company plans to charge for its services using a software-as-a-service (SaaS) model and may explore opportunities to sell access to data generated by its platform in the future.
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Sharechat parent firm Mohalla loss narrows to Rs 1,897.63 in FY24
Economic Times
ยท
7m ago
Medial
Homegrown social media platform ShareChat's parent company, Mohalla Tech, reduced its consolidated loss to Rs 1,897.63 crore in FY2024, down from Rs 5,143.42 crore the previous year, as reported by Tofler. Total income rose by 4% to Rs 747.08 crore. Standalone revenue grew by 33% to Rs 718.1 crore, while expenses decreased by 46% to Rs 2,511.69 crore, resulting in standalone losses narrowing to Rs 1,763.65 crore from Rs 4,064.31 crore.
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Frontend dev tools startup Kombai raises $4.5M in a seed round led by Stellaris, others
IndianStartupNews
ยท
1y ago
Medial
Kombai has raised $4.5 million in a seed funding round led by Stellaris Venture Partners and Foundation Capital. The fund round also witnessed participation from several other investors.
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Luxury Presence, which builds marketing tools for realtors, raises $19.2M
TechCrunch
ยท
1y ago
Medial
Luxury Presence, a startup providing marketing solutions for real estate professionals, has raised $19.2 million in a Series B1 round led by Bessemer Venture Partners. The platform offers tools and services for creating real estate websites, ads, content marketing strategies, and social media engagement. It recently launched an AI-powered mobile app called Presence Copilot for realtors. The company aims to support high-performing real estate professionals with technology and plans to use the funding to further develop its products. The proptech sector saw a decline in funding in 2022, with VC-backed proptech companies raising 38% less than in 2021.
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Collaborative commerce platform Oyela raises Rs 14.4Cr led by Prime Venture Partners
IndianStartupNews
ยท
1y ago
Medial
Collaborative commerce platform Oyela has secured Rs 14.4 crore in seed funding, with Prime Venture Partners as the lead investor. The startup, founded in 2021, offers a platform for social businesses, product creators, and artists to sell their products and expand their reach. Oyela plans to enhance its e-commerce technology, develop conversational commerce engines, and streamline its supply chain with the funding. It aims to transform social media platforms like Instagram into effective sales channels and support 2 million social stores in India's e-commerce market.
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