Pepul Tech Pvt Ltd, a Chennai-based startup, has successfully secured $4 million in a pre-Series A funding round aimed at accelerating the growth of its two primary products: Pepul, a B2C social media platform, and Workfast.ai, a B2B SaaS platform.
The investment round was led by a prominent family office based in Tamil Nadu, alongside participation from existing investors, although the specific family office was not disclosed by Pepul. According to data from Tracyn, previous investors in Pepul include Hourglass Venture Partners and notable entrepreneur Girish Mathrubootham.
Suresh Kumar G, Founder and CEO of Pepul, expressed enthusiasm about the support received from respected entrepreneurs and investors who share confidence in their team and vision. He noted that the funding process progressed swiftly following productive discussions and office visits.
Originally conceived as a positive social media platform, Pepul has evolved into a dynamic application focusing on career development and job opportunities. It provides users with access to mentorship, job listings, internships, and curated career content.
Meanwhile, Workfast.ai emerged from Pepul’s internal needs for enhancing communication, collaboration, and project management. This B2B SaaS platform aims to optimize project and task management processes, enhancing team efficiency and agility for medium and large enterprises.
With a current workforce of 40 employees, Pepul envisions itself as a future multi-billion-dollar enterprise through the expansion of Workfast.ai over the next five years. The platform’s offerings are designed to meet the growing demand for streamlined corporate solutions and career advancement opportunities.
This funding round marks a significant milestone for Pepul Tech Pvt Ltd, positioning the company to further innovate within the realms of social media engagement and enterprise software solutions, thus solidifying its footprint in the tech industry landscape.