# Explorium Innovative Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/explorium-innovative-technologies-private

- Industry: Outsourcing
- Headquarters: Pune, India
- Website: www.gigindia.in
- Total disclosed funding: $1.1M
- Latest round: Seed (Jul 10, 2020)
- Investors on record: 5

## About

Explorium Innovative Technologies Private Limited specializes in connecting businesses with a flexible workforce through its innovative platform, facilitating the hiring of gig workers for diverse tasks across various sectors.Founded in 2016 in Pune, India, Explorium Innovative Technologies Private Limited provides a platform for businesses to hire gig workers for various tasks. The company has engaged in 8 deals, with its most recent deal occurring on March 21, 2022. During this time, the company attracted a total amount raised of INR 76.000 mn in funding, with the latest funding round also amounting to INR 76.000 mn. The founder, Aditya Shirole, has a background in creating technology-driven solutions, while Sahil Sharma currently serves as the CEO.Explorium Innovative Technologies Private Limited offers a platform that connects businesses with gig workers, enabling them to engage for tasks such as marketing, sales, and customer service. Companies can post job opportunities that are matched with qualified workers, streamlining the hiring process. This service enhances operational efficiency and allows businesses to adapt to fluctuating project demands in a cost-effective way. The company caters to a wide range of clients, including startups, SMEs, and larger enterprises across urban Indian markets and select regions in Southeast Asia.In the most recent year of 2022, Explorium Innovative Technologies Private Limited reported revenue of INR 4,857,250.50 with an EBITDA of INR -7,036, indicating a focus on growth despite operating at a loss.Following its acquisition by PhonePe Private Limited in March 2022, Explorium Innovative Technologies Private Limited aims to enhance its service offerings and expand its reach within corporate and enterprise markets. The acquisition is expected to bolster Explorium's network and capabilities, allowing for new product developments and market penetration strategies in underserved regions. Plans include launching advanced features within the platform to improve user experience, with specific timelines for these developments yet to be disclosed.

## Funding rounds

- Seed, Jul 10, 2020, $1M — Incubate Fund, Beyond Next Ventures
- Seed, Feb 12, 2018, $0M — M&S Partners
- Seed, Dec 1, 2017, $0.1M — Sharejob, GeekBeans Capital

## Investors

- Sharejob — Seed
- GeekBeans Capital (https://capitalatlas.ai/funds/geekbeans-capital) — Seed
- M&S Partners (https://capitalatlas.ai/funds/m-s-partners) — Seed
- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Seed
- Beyond Next Ventures (https://capitalatlas.ai/funds/beyond-next-ventures) — Seed