Nitika Goel

[Nitika Goel @nitikagoel_]

Social products are a behemoth, and building one that challenges the echo chambers of existing products is even moreso.

@hunch_social promises to deliver an authentic experience when interacting online, and I couldn't be more excited.

Only good vibes, no pretense.

[ish.eth #hiring @ishgoel]

Consumer apps can scale without token airdrops / incentives as well. Excited that our $23m Series A funding news is out when @hunch_social peaked out as a Top 25 app on App Store in social category coming out of the PMF stage.

Hunch is on a mission to build the most authentic and genuine place on the internet. It's time for people to take off their masks and be their true selves on the internet - without the fear of being judged.

As of writing this update, Hunch is scaling in the US & India market with 30% MoM growth in MAUs and in-app engagement.

Excited to welcome the giga brains of Navroz, @TusharBehl0x At AlphaWave, @taaklee and @jainshubham2707 at @hashed_official , Brevan Howard, @sandeepnailwal, @animocabrands , Aakash Kumar, @AshutoshA on this journey of building Hunch with us.

We couldn't have reached here without the perseverance of my co-founders @nitikagoel_ and @karticrakhra. A big shout out to the senior leadership along with the 60+ members of the company for their unwavering commitment to the business, bringing Hunch to this level.

If you’re interested in building from India for the Earth, please do not hesitate to reach out to me!

Funding Ann link in comments

[Nitika Goel @nitikagoel_]

Vision remains the same, with new blinkers on!

[ish.eth #hiring @ishgoel]

Update on PlotX & Hunch (@TryPlotX and @hunch_social)

Last year we decided to build Hunch after a careful study of the state of the web3 ecosystem - tx cost, user experience, regulatory environment & on-ramping - not being ready for b2c applications like PlotX.

Today, Hunch is scaling pan-India, as we try to move on our mission of building a global opinion sharing app that enables millions of people to meet like-minded people, satisfy their curiosity, and build instant communities that solve problems. Some numbers before diving deeper -

- Top 30 app on App Store India, Top 50 app on Google Play Store India, as of Nov 23 in Social Category

- Total user base of 1M+ users, growing at 40% MoM over the last 6 months

- 15M total votes, 8M chat messages, 3M comments, in the last 10 months

All this without any financial incentive for the user while keeping the web3 ethos of anonymity at the core. No liquidity mining or APYs or speculation of any kind, yet seeing continued engagement driven by utility.

Hunch intended to solve all the problems we faced with PlotX, and it seems to have done that. We are able to acquire users easily, and globally. User experience neither requires wallet connections, nor on-ramping or bridging troubles. Regulations are extensive but clear, and that allows a small team like ours to comply.

In March 2023, I had suggested via my tweet that we may integrate PlotX with Hunch. We tried doing that. We experimented with the thought of building a prediction layer on top of Hunch, adding gamification incentives using tokens & NFTs, using Hunch as a top of funnel for PlotX.

However, every time we thought of ideas to integrate PlotX and Hunch, we were quick to realize that the integration will be a stretch that will deteriorate the user experience. Integrating PlotX with Hunch would have been a ‘skills-forward’ decision, that doesn’t necessarily help the user, but rather satisfies our own desires to link the two - which is often tempting, but not the right thing to do when strictly ‘thinking backwards’ about the user. Ultimately, we decided that Hunch and PlotX can only exist as two separate products, in their own ecosystems.

Today, PlotX continues to run business as usual with no new planned development. There are a lot of vectors - tx cost, user experience, regulatory environment, on-ramping - not in our control which the industry is trying to solve as a whole, but we continue to try to find opportunities that can help grow the PlotX ecosystem.

We plan to continue scaling Hunch with good news just around the corner. Extremely grateful to team members, investors & advisors who have been on this journey with us. To everyone reading this, stay tuned!

[Nitika Goel @nitikagoel_]

@MasalaBai What ya say @PollsGoneWild

[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

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[Nitika Goel @nitikagoel_]

@warikoo Honestly, https://t.co/Hh6g7Ie7cm is a better place for this.

[Nitika Goel @nitikagoel_]

@AanshulSadaria @RoastHimJim

[Nitika Goel @nitikagoel_]

This one’s to know the general sentiment around
https://t.co/rs9YD8Iiqj