We are discussing Social Media Startup Pepul Raised $4 Million in its Pre-Series A Funding Round:
Pepul Technologies is a social media startup that secured $4 million in its pre-series A funding round. The investment round saw participation from the firm’s existing investors and family offices, but the names have not yet been disclosed. The company plans to use these fresh proceeds to advance its B2C platform, enhance its technologies, and expand its network. The startup mainly plans to use this investment to advance its two key products, Pepul’s B2C platform and workfast.ai.
The data company Tracxn mentioned that the investors who may have invested in this round include existing investors Hourglass Venture Partners and Girish Mathrubootham. The founder and CEO of Pepul, Suresh Kumar G, showed his gratitude to entrepreneurs and investors for trusting the company’s market strategy. Pepul is a social media and B2C platform that evolved into dynamic positive social applications to help its users in career development and job searching opportunities. The workfast.ai platform enables the optimization of projects and task management and allows teams to operate efficiently while providing agility.
The Chennai-based startup provides users mentorship, internships, and job opportunities. The platform allows individuals to interact and engage with career-enhancing content specially developed by mentors. The startup has around 40 employees and aims to serve clients in medium and large enterprises in the next five years. Pepul aims to strengthen its position in the social applications market by developing new transformative solutions in the social media market.
Pepul claims to be the safest “made in India“job-searching platform that serves global users with its unique and new user experience. This social networking application lets you connect and make friends based on the same area of interest. The company earns its revenue through a subscription-based pricing model. The startup plans to use this funding to strengthen its product and enhance its platform to offer a better user experience.
Conclusion
Pepul Tech Pvt is a Social media startup that secured $4 million in its pre-series A round led by the firm’s existing investors. The round saw participation from the firm’s existing investors and family offices. The company plans to use these fresh proceeds to strengthen its platform, enhance its user experience and technologies, and expand its network. The company primarily uses this investment to advance its two key products, including Pepul’s B2C platform and workfast.ai. Traxcn predicted the investors who may have invested in this round include existing investors Hourglass Venture Partners and Girish Mathrubootham.
Pepul offers a B2C social media platform that evolved into dynamic, positive social applications to help its users in career development and job searching opportunities. The workfast.ai platform also enables the optimization of projects and task management and allows teams to operate efficiently while providing agility. The platform allows an individual to interact and engage with career-enhancing content specially developed by mentors. Pepul provides users with mentorship, internships, and various job opportunities. The startup earns the majority of its revenue via a subscription-based pricing model.
