Tuesday, November 29, 2022
HomeInsightFunding Alert YC-Backed Explorex Raises $5 mn in Seed Funding

[Funding alert] YC-Backed Explorex Raises $5 mn in Seed Funding

Explorex has raised $5 million in a Seed funding round led by Taher Savliwala (Super Angel), Kevin Lin (co-founder, Twitch), James Park (co-founder and CEO, Fitbit), Harpreet Rai (CEO, Oura) and Liron Shapira (co-founder, Relationship Hero).
Pritam Khan and Mainak Sarkar, co-founders of Explorex

Explorex has raised $5 million in a Seed funding round led by Taher Savliwala (Super Angel), Kevin Lin (co-founder, Twitch), James Park (co-founder and CEO, Fitbit), Harpreet Rai (CEO, Oura) and Liron Shapira (co-founder, Relationship Hero).

The money raised, according to Explorex, a company serving the restaurant sector, would be utilised for product development and growth-related operations, including expansion in major cities like Mumbai and Delhi, as per reported by Entrepreneur.com.

Explorex, a company founded by Mainak Sarkar and Pritam Khan, equips business entrepreneurs to carefully nurture their dreams. Bridge OS is a full-stack operating system that Explorex has created to meet all the requirements of the restaurant business.

Read also – [Funding alert] OptIQ Raises $1.5 mn From Better Capital, others

“Our ecosystem solution is not only helping restaurant owners make more money, but also enabling them to provide their staff with a much better workplace experience as well as providing their customers with an enhanced dining experience,” said Mainak Sarkar, co-founder and CEO, Explorex.

YC-backed Explorex is present in more than 15 locations and, before this seed round, had received $1.5 million in pre-seed from HOF Capital, Smaregi, Pioneer Fund, Sevenstars Capital, among others. The firm said in a statement that it is quickly emerging as one of the industry’s top players.

Read also – [Funding alert] Hubbler Raises $1.50 mn in Seed Round

“What compelled me to take a large bet on these guys was their deep understanding of their customers. Covid has accelerated the adoption of specific technologies, such as QR codes for menus. Combining this with the growing market in India and a customer-focused founding team, this seemed like a no-brainer bet,” said Taher Savliwala.

The leadership team of the restaurant can use this platform to help with tasks including digitising orders via QR code shopping, merchant services, guest data gathering and recognition, stocking and recipe administration, and financial planning.

Read also – [Funding alert] Creator-Led Commerce Platform Wishlink Raises $3 mn in Seed Funding

About Explorex

Due to a need and out of empathy, Explorex was created. Empathy for the business owners, employees, and patrons as well as the need to revolutionise the restaurant industry.  are motivated to get better every day by this zeal as well as the steadily increasing confidence their investors and partners have in them.

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