alt Hacker NewsIf this is your viewpoint, that people should be proud of you for creating a platform for gossip and bullying, where it has real deleterious and negative effects on people's lives, then im going to say it - you are a legitimately selfish person who lacks empathy.
Seed funders are likely notice these personality traits and refuse to invest, because someone with those qualities is an investment risk for multiple reasons. For example, in this story you've infringed a brand name, scraped and used personal data without permissions - likely also breaking terms of use, created accounts portraying real people without their permission, established a system to defame (the relationship component), created unwanted spam (emailing university emails automatically) and failed to have in place appropriate moderation. Why would investors put their money against such a risky proposition?
To me, OP seems like someone who's deliberately trying to become the villain because he's seen the social network movie too much and is fantasizing that he'll gain the same wealth and fame as Zuckerberg by being the villain. Except here, he started crying when the consequences of being the villain caught up to him.
OP needs to realize that we are no longer in 2005 when the Facebook was founded. Nor is he in the US. He's in India which has much different laws and culture. And case law and our understanding of the harms of cyber bullying and harassment has drastically evolved since 2005.
OP should also realize that this is at IIT in India. There's already a huge suicide problem amongst students in India due to competition. Adding cyber harassment to that isn't the best idea.