Social networking startup Hunch raises $23 million in a Series A funding round. The funding was led by Alpha Wave and Hashed Emergent, both prominent investors in the industry.

With its headquarters in Dubai, Hunch plans to utilize the funds to enhance its technological infrastructure, improve personalized content delivery, and expand its presence in the US and Indian markets. The company already has established offices in India and Singapore.

Earlier this year, Hunch raised $3 million in a seed round, further solidifying its financial position. Founded in 2022 by Ish Goel, Hunch offers a social media platform for users to create and participate in polls on a wide range of topics, including pop culture, gaming, finance, dating, relationships, and anime. These polls bridge the gap of curiosity, allowing users to validate their opinions and connect with like-minded individuals.

Hunch boasts an impressive track record, with over 1.15 lakh polls and more than 1 crore opinions recorded through user votes across the nation. The maximum part of the user, measuring 85%, hails from India, while the remaining users are from the US.

With conversation with media, Goel expressed the company's ambition to scale up its monthly active users (MAUs) to the low single-digit millions within the next year. Additionally, Hunch aims to attract 40% to 50% of its user base from the US. Hunch is the second startup with Indian origins to be based in Dubai and secure funding in 2023. Just last week, Marrfa, a proptech startup co-founded by Jamil Ahmad, raised funds in a pre-seed round led by Berlin-based VC firm Foundamental.