Pepul Tech Pvt Ltd, a key player in the social media industry, has successfully secured $4 million in funding during its pre-series A round. The latest investment aims to enhance the development of its two primary products: Pepul, a business-to-consumer (B2C) platform, and Workfast.ai, a business-to-business (B2B) software-as-a-service (SaaS) platform.
Company Overview
Pepul Tech Pvt Ltd is an innovative social networking platform that allows users to share their life stories and skills based on their interests. The company aims to provide a positive and constructive social media experience, focusing on professional growth and job opportunities.
Investment Details
- Funding Amount: $4 million
- Round: Pre-Series A
- Lead Investor: Prominent family office in Tamil Nadu (identity undisclosed)
- Participants: Current investors including Hourglass Venture Partners and Girish Mathrubootham
Purpose of Funding
The newly raised capital will be directed towards further developing:
- Pepul: A B2C platform.
- Workfast.ai: A B2B SaaS platform.
Background and Vision
Founded in 2020 by Suresh Kumar G, Pepul began as a constructive social media platform. It has since evolved into a dynamic application focused on professional growth and job opportunities. Pepul’s goal is to foster a positive social media environment that emphasizes sharing life stories and skills based on user interests.
Founder’s Statement
Suresh Kumar G, Founder and CEO of Pepul, expressed his enthusiasm about the investment, stating:
“We’re very happy that a lot of great entrepreneurs and credible investors bet on our passionate team and our vision. The round was raised in a couple of meetings after visiting our office and the team.”
Pepul Tech Pvt Ltd’s recent funding milestone reflects the growing confidence of investors in the company’s vision and its potential to make a significant impact in the social media industry. The capital infusion will help accelerate the development of its flagship products, paving the way for future growth and innovation.
Avinash Dyal