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Social Media Platform 'Medial' uplifts $500K in Pre-Series A

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Professional social media platform Medial established by Rajvardhan Mohite and former IFC executive Sayan Ghosh has raised $500K.

Two funding rounds in 2024 are a rare feat for a startup like Medial. During its pre-seed round, the Bengaluru-based firm secured $120K in January, which was led by FirstCheque VC.

An integrated professional ecosystem focused on meaningful connections, career advancement, and relevant content for the global startup and tech community, said by Medial in a press release.

Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi are the people behind Medial, a content and community-driven platform with a vibrant community across a variety of areas. To add value to its community and enable transparent and inclusive workplace conversations, it serves as a hub for startup news, industry updates, banter, and advice in a non-clickbaity way.

Medial began as a unified platform for professionals in the start-up world and intends to evolve into a job board and company profile with global relevance. The company says the app is creating a community for product managers, user interface/user experience designers, product analysts, venture capitalists, business analysts, and potential entrepreneurs.

Within a few months, it claims to have a community of 100,000 entrepreneurs, start-up enthusiasts, techies, and investors, and over 10,000 daily active users.

An anonymous feature is offered as an additional layer to enhance the platform, similar to LinkedIn and GitHub. It faces direct or indirect competition from Grapevine, Hood (formerly Zorro) and, to a lesser extent, from FishBowl, Blind, and Reddit.