New Delhi: Social media startup Hunch has secured $23 million in Series A funding, with Alpha Wave and Hashed Emergent leading the investment. The Dubai-based company plans to utilize the capital to enhance its technological infrastructure, refine feed personalization, and expedite its expansion into the US and Indian markets. With existing offices in India and Singapore, Hunch aims to bolster its presence in key regions.
Established in 2022 by Ish Goel, Hunch enables users to create and engage in polls spanning various topics such as pop culture, gaming, finance, dating, relationships, and anime. These polls serve to bridge curiosity gaps, allowing users to validate their opinions and connect with like-minded individuals. Hunch boasts a repository of over 115,000 polls, garnering more than 10 million opinions through user participation nationwide. Approximately 85% of its user base hails from India, with the remaining 15% from the US.
According to Goel, the company aims to achieve a monthly active user base in the low single-digit millions within the next 12 months, with 40% to 50% of this growth originating from the US market. Hunch is among the latest Indian-origin startups based in Dubai to secure significant funding, following Marrfa, a proptech startup led by Fashinza co-founder Jamil Ahmad, which recently closed its pre-seed round with backing from Berlin-based VC firm Fundamental.
