FirstCheque VC led Medial, a professional social media platform, to raise $120,000 in its pre-seed round. Notable angels from Bengaluru, Mumbai, and the US also participated in the round; these included Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, Radhakrishnan Ramachandran, and others.
According to a press release from Medial, the money raised will be mostly utilized for product development, user acquisition, and testing of the main features of the app.
Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi founded and are in charge of Medial, a content-driven platform with a thriving community spanning a variety of industries, including tech, product, and UI/UX. In an effort to benefit its community and promote open and inclusive workplace dialogues, it acts as a central location for startup news, industry updates, jokes, and guidance in a non-clickbait manner.
With the goal of becoming a globally relevant job board and company profile, Medial began as an integrated platform for professionals in the startup industry. A community is being established by the app for aspiring entrepreneurs, venture capitalists, business analysts, product analysts, and UI/UX designers.
As an extra layer to enhance the platform, Medial offers an anonymous feature in addition to being a real-identity professional network like Github and LinkedIn. It might also face competition from Hood (formerly Zorro), FishBowl, Blind, and Reddit to a lesser degree.
Medial plans to formally launch by the end of January 2024 and it currently has over 5,000 users in beta testing.
