Y Combinator backed Explorex raises $5 million in seed round

Y Combinator backed Explorex raises $5 million in seed round

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Y Combinator-backed Explorex, has raised $5 million in a seed spherical of funding six months after saying its pre-Seed spherical from distinguished angel buyers primarily based out of Silicon Valley.

This spherical was led by Taher Savliwala – Tremendous Angel (500+ investments together with the likes of Coinbase), whereas 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, additionally participated in that spherical.

Explorex, which focuses on the restaurant business, will use this funding spherical in the direction of product growth and progress associated actions which can embody enlargement in metros like Mumbai and Delhi.

Previous to this spherical, Explorex had raised $1.5 million in pre-seed from HOF Capital, Smaregi, Pioneer Fund, Sevenstars Capital amongst others.

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Based by Mainak Sarkar and Pritam Khan, Explorex has constructed a full-stack working system referred to as Bridge OS which is designed to go well with all of the wants of the restaurant business. This platform assists the restaurant’s administration crew with – digitising the orders through QR code ordering, cost processing instrument, visitor information assortment and recognition instrument, stock and recipe administration instrument, and monetary administration instrument.

On the funding into Explorex, Taher Savliwala mentioned, “What compelled me to take a big wager on these guys was their deep understanding of their clients. Covid has accelerated the adoption of particular applied sciences, equivalent to QR codes for menus. Combining this with the rising market in India and a customer-focused founding crew, this appeared like a no brainer wager.”

Speaking about their ecosystem resolution, Explorex founder & CEO Mainak Sarkar mentioned, “Our ecosystem resolution is just not solely serving to restaurant house owners make more cash, but additionally enabling them to supply their workers with a significantly better office expertise in addition to offering their clients with an enhanced eating expertise.”

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