DSK Legal advises CK Jaipuria Group in investment in social media app Explurger

LE Desk

New Delhi, January 6, 2021: DSK Legal has advised CK Jaipuria Group in its investment in home-grown gamified social media app Explurger.

DSK Legal assisted CK Jaipuria Group in reviewing, revising and negotiating of the Share Subscription cum Share Holders Agreement; and closing of the transaction, the Law Firm said in a press statement.

The DSK core team representing CK Jaipuria Group for the transaction comprised of Harvinder Singh, Partner (who acted as the lead partner on the transaction), Shruti Dogra, Principal Associate and Archit Gupta, Associate, it said. Aparajit Bhattacharya, Partner, acted as the relationship partner and provided strategic inputs on the transaction.

CK Jaipuria Group has investments encompassing various sectors including Real Estate, Beverages, Retail, Engineering, IT and Plastics.

Explurger is a new-age social media platform built on Artificial Intelligence (AI), which was launched in August 2020. Apart from India, the app debuted in the US, Britain, Germany, South Africa, etc. and already has users from more than 40 countries.

The AI of the app automatically creates a travelogue for its users, keeping a count of the exact miles, cities, countries and continents a user has travelled to. The users can even create a bucket list of places he wishes to visit and share his future travel plans with fellow Explurgers.