Medial has Secured $500K in a Funding

Professional social media platform Medial has raised $500K in a Pre-Series A funding round led by Ortella Global Capital (OG Capital), a fund founded by Rajvardhan Mohite and former IFC executive Sayan Ghosh.

Medial is one of the few startups to secure two funding rounds in 2024. The Bengaluru-based company raised $120K in January during its pre-seed round, led by FirstCheque VC.

Funding Utilisation

The new funding will help Medial build an integrated professional ecosystem aimed at fostering meaningful connections, career growth, and relevant content for the global startup and tech community.

Medial was founded and is led by Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi. It is a content and community-driven platform with a vibrant community in fields like tech, product, and UI/UX.

The platform provides startup news, industry updates, discussions, and advice without using clickbait, aiming to add value and encourage transparent, inclusive workplace conversations.

Medial started as a platform for professionals in the startup sector and plans to expand into a job board and company profile platform with global reach. The app is building a community for product managers, UI/UX designers, product analysts, venture capitalists, business analysts, and aspiring entrepreneurs.

Sayan Ghosh, Co-founder and Managing Partner at OG Capital said, “Creating an engaged community is challenging, but the second-time founders at Medial, with their lean yet stellar team, have done just that—building a highly engaged community at a low cost that adds real value. Medial stands alone in offering exclusive insights into the startup and tech ecosystem, covering everything from news and updates to hackathons, discussions, and product launches on a single platform. This success stems from the founders' resilience, frugality, and deep consumer understanding. What sets Medial apart is its early focus on monetization and profitability,” 

Advertisment

Rajvardhan Mohite, Co-founder and Head of Enterprise Investments at OG Capital said, “Medial stands out for its early focus on monetization and profitability. Unlike many startups, it achieved key milestones within months of its alpha launch, securing multiple revenue streams and collaborating with top global brands. Their impressive growth, engagement, and top-quartile retention metrics—driven by a strong and accelerating K-factor—are a testament to their momentum. Medial's transformative roadmap envisions an integrated ecosystem where companies and professionals can seamlessly network, build, and transact. We’re particularly excited about their innovative tech and unique approach to data unlocking immense value for professionals worldwide. We’re proud to partner with Medial on this ambitious journey,” 

It claims to have a community of 100,000 entrepreneurs, startup enthusiasts, techies, and investors and over 10,000 daily Active Users within a few months of its alpha launch.

Medial is a professional network that incorporates real identities, similar to LinkedIn and GitHub, while also offering an anonymous feature as an additional layer to enhance the platform. It competes, directly or indirectly, with Grapevine, Hood (formerly Zorro), and, to some extent, with FishBowl, Blind, and Reddit.

About Medial

Medial provides a centralized, holistic experience that includes a real-time news feed delivering curated updates about the startup world. A social feed where users share insights, discuss ideas, and engage with relevant content and Startup Showcase - a feature designed to validate ideas, pitch to investors and peers, and gather actionable feedback.

Advertisment

Latest Startup Funding News: Your Gateway to Every Funding Update.

Today's Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Inspiring Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.