Social Media Startup Pepul Secures $4 Million in Pre-Series A Funding
- ByStartupStory | July 1, 2024
Social media startup Pepul Tech Pvt Ltd has successfully secured $4 million in its pre-series A funding round. The company intends to use the latest funding to advance its two key products: Pepul, a B2C platform, and Workfast.ai, a B2B SaaS platform.
The investment round was led by a “notable” family office in Tamil Nadu, alongside existing investors. However, Pepul has not disclosed the name of the family office. According to data company Tracxn, Pepul’s existing investors include Hourglass Venture Partners and Girish Mathrubootham, among others.
“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,” said Suresh Kumar G, Founder and CEO, Pepul.
Pepul was initially conceptualized as a positive social media platform and has now evolved into a dynamic positive social app specifically catering to career development and job opportunities. The company stated, “Born out of their own necessity to streamline communication, collaboration, and project management processes, Workfast.ai offers a comprehensive platform to optimize project and task management, enabling teams to operate with greater efficiency and agility.”
The Chennai-headquartered platform also provides access to mentorship, discovering job opportunities and internships, and engaging with career-enhancing content curated by mentors. With a current team of 40 employees, Pepul envisions building a multi-billion-dollar company through Workfast.ai, aiming to cater to medium and large enterprises over the next five years.
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