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Hunch, a new social discovery app, has raised $23 Million to fuel its global expansion.
The Hunch app was created to transform social interactions and foster honest discussions through open and anonymous conversations and polls. The company is based in Dubai.
The round was led by Alpha Wave, Hashed, and other key investors. It marks a significant moment for the app that has quickly gained popularity, reaching Top 25 status on the Apple App Store and Top 50 on the Google Play Store within just six months of its launch.
The latest funding injection aims to propel Hunch into the U.S. market and enhance its presence in India. Users on Hunch engage in creating polls covering a wide range of topics, from pop culture and gaming to finance, dating, relationships, anime, and more. These polls serve as a bridge, connecting users with similar interests and providing a unique platform for validating opinions.
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Hunch has already seen the creation of over 115,000 polls, gathering 10 million opinions from users across the nation. The app has become a go-to destination for genuine, meaningful connections, allowing users to engage in judgment-free conversations.
Ish Goel, CEO of Hunch, stated, “We believe Hunch has achieved PMF, and this is a good time to celebrate this news with the community. This investment underscores our commitment to making Hunch the go-to destination for authentic, meaningful connections for young adults.”
Hunch sets itself apart by promoting genuine, anonymous discussions, providing users a platform to ask questions that they may find difficult to ask in real life. Each poll initiates a judgment-free conversation, fostering diverse opinions and connections.
Tak Lee, managing partner at Hashed Emergent, mentioned in a statement, “With fatigue growing among Gen Z around apps that promote vicarious living, there is a big opportunity to build something that promotes being real without the filters.”
The app integrates generative AI at its core, demonstrated by its solution to the societal pressure of an ideal profile picture. After answering 15 poll questions on Hunch, users receive an AI-generated avatar, eliminating the need for a real profile picture.
Hunch intends to utilize the funding to expand its reach in the U.S. and India, introducing new features based on user insights.
Launched in December 2022, Hunch, headquartered in Dubai with offices in India and Singapore, aims to redefine social interactions, prioritizing curiosity over conformity and fostering authentic connections as the ultimate reward.
The company is the brainchild of seasoned co-founders — CEO Ish Goel, CPO Nitika Goel, and CMO Kartic Rakhra.
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