1,000 biz owners to launch Paytm founder-backed social media Pepul on R-Day

Firm plans to raise Rs 200 cr by June for expansion

After raising Rs 10 crore in seed funding last week from investors like Paytm founder Vijay Shekhar Sharma, Freshworks founder Girish Mathrabootham and Silicon Valley based venture capitalist firm Hourglass Venture, Chennai-based social media startup Pepul told Business Standard that it is looking to raise around Rs 200 crore by June this year for expansion.

The social media platform, focused on online ethical practices, will be launched by 1,000 entrepreneurs across the country on January 26.  Pepul, founded by G Suresh Kumar, will be using an Aadhaar-based user verification system to get rid of fake accounts on its platform. "We