Explorex will use this fresh round of capital towards product development and market expansion activities
Explorex, a startup catering to the restaurant industry has raised $5 million in a seed round of funding six months after announcing their Pre-Seed round from prominent angel investors based out of Silicon Valley. Explorex will use this funding round towards product development and growth-related activities which will include expansion in metros like Mumbai and Delhi.
This round was led by Taher Savliwala – Super Angel (500+ investments including the likes of Coinbase), Kevin Lin – co-founder of Twitch, James Park – co-founder and CEO of Fitbit, Harpreet Rai – CEO of Oura and Liron Shapira – Co-founder of Relationship Hero.
An organization founded with empathy at heart, Mainak Sarkar & Pritam Khan envisions Explorex as a beyond software company; in addition to disrupting the restaurant industry with its full-stack solution, Explorex wants to empower business owners to nurture their dream with care. Explorex’s platform, “Bridge OS” assists restaurants with – digitising orders via QR code ordering, guest data collection and recognition tool, inventory and recipe management tool. It also helps in financial management and payment processing via Explorex Pay.
Explorex is present across 15+ cities and prior to this seed round, YC-backed Explorex had raised $1.5 million in pre-seed from HOF Capital, Smaregi, Pioneer Fund, Sevenstars Capital among others and is fast becoming one of the leading players in the industry.
On the investment into Explorex, Taher Savliwala said, “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.”
Talking about their ecosystem solution, Explorex Co-founder & CEO Mainak Sarkar said, “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.”