Business
In a pre-seed round, professional social media platform


By Kajal Sharma - 25 Jan 2024 11:04 AM
In a pre-seed fundraising round headed by FirstCheque VC, Medial App—a professional social media platform for startup ecosystem—raised $120K from angel investors from Bangalore, Mumbai, and the US, including Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, and Radhakrishnan Ramachandran.With an emphasis on feature expansion and product launch because of encouraging beta app metrics, the business intends to use the additional funding for product development, user acquisition, and testing of core app features.
The majority of the funds raised, according to a Medial press statement, will go into user acquisition, app feature testing, and product development.Aishwarya Raj Pandey, Niket Raj Dwivedi, Harsh Dwivedi, and Prateek Kaien established and oversee Medial, a content-driven platform with a strong community spanning IT, product, and UI/UX industries. It serves as a hub for non-clickbait startup news, industry updates, jokes, and advice in an effort to better the community and encourage candid conversations in the workplace.Medial started out as an integrated platform for professionals in the startup business with the aim of becoming a globally relevant employment board and company profile.
The app is creating a network for UI/UX designers, business analysts, venture capitalists, product analysts, and budding entrepreneurs.In addition to being a real-identity professional network similar to Github and LinkedIn, Medial provides an anonymous feature as an additional layer to improve the platform. To a lesser extent, Hood (previously Zorro), FishBowl, Blind, and Reddit may potentially pose competition for it.Medial has over 5,000 users in beta testing and intends to fully launch by the end of January 2024., a business social networking platform, raised $120,000 in its pre-seed round thanks to FirstCheque VC. Prominent angels from the US, Mumbai, Bengaluru, and Rohitashwa Choudhary, among others, Ankit Aggarwal, Radhakrishnan Ramachandran, and Nayan Jadeja, took part in the round.In a pre-seed funding round, Medial, a professional social media network, successfully raised $120,000, or around Rs 1 crore. Leading angel investors from Bengaluru, Mumbai, and the US, such as Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, and Radhakrishnan Ramachandran, participated in the funding lead by FirstCheque VC. Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi launched the startup, which intends to offer more than just a standard social media platform. Medial is a community-driven center for information, specializing in tech, product, and UI/UX industries.
It delivers industry updates, startup news, and expert guidance in an uncomplicated, non-clickbait way. The startup says the money obtained will go toward user acquisition, product development, and testing of the main features of the app.