Social Media Startup Pepul raises $1.5 million in seed funding
- ByTejika Bajaj | January 13, 2022
The Chennai based social media startup Pepul recently announced that it has raised a sum of INR 10 crore ($1.5 million approximately) in its seed funding round led by renowned investors such as Paytm’s founder Vijay Shekhar Sharma, founder of Freshworks Girish Mathrabootham and Hourglass Venture.
With the recent round of funding, the social media startup intends to deploy the funds to build the safest social platform infrastructure, expand its pre-existing team and enhance user acquisition to move faster towards the vision of the startup. Reports reveal that the startup intends to further raise INR 200 crores to further its goal.
Expressing his views about the recent round of funding, the founder and CEO of Pepul, G Suresh Kumar said, “We are thankful to all the investors who have trusted us and our team and for backing this audacious vision of building a positive safest social network from India for the world. Their backing gives us more responsibility to do a great platform that touches millions of lives and makes them proud.”
Founded by G Suresh Kumar, Pepul is an interactive social media platform which allows individuals and groups to mingle based upon their common interests. In an attempt to restrict the practice of fake profiles, the platform offers a one-of-its-kind Aadhar verification provision over the platform which thereby ensures user safety. Though users can sign up without Aadhaar, they are expected to get themselves verified by uploading the document.
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