🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Great Learning's scale goes past Rs 1,039 Cr in FY25

EntrackrEntrackr · 1m ago
Great Learning's scale goes past Rs 1,039 Cr in FY25
Medial

Great Learning's scale goes past Rs 1,039 Cr in FY25 Edtech and professional upskilling platform Great Learning recorded modest growth in FY25, with its consolidated revenue from operations growing 4.7% to Rs 1,039 crore, up from Rs 992 crore in FY24, according to the company’s documents reviewed by Entrackr. The company’s operating profit (excluding Interest, Depreciation, non-cash expense (ESOP), exceptional items, and tax surged threefold to Rs 40.23 crore during the same period, compared to Rs 13.82 crore in FY24. As per the company, the sustained global demand for professional upskilling in artificial intelligence (AI) was a key growth driver for Great Learning through FY25. It also expanded its academic portfolio with new collaborations, including tie-ups with IIT Bombay and Johns Hopkins University, to introduce advanced AI and digital business programs. As per the document, its total costs grew marginally to Rs 998.9 crore in FY25 from Rs 978.2 crore a year earlier. Marketing and business promotion remained the largest expenditure at Rs 371.2 crore, up from Rs 339 crore, followed by employee benefits at Rs 267.5 crore and professional and consultancy costs of Rs 266.7 crore. Administrative and other costs declined to Rs 93.4 crore, the document mentioned. Commenting on the results, Mohan Lakhamraju, Founder and CEO of Great Learning, said the company achieved profitability for two consecutive years through innovation and operational discipline, rather than cost-cutting measures. Great Learning offers professional learning programs across AI, data science, machine learning, and digital business leadership. The company claims over 13.8 million learners across 170+ countries and 1,750 programs, supported by a network of more than 8,000 industry mentors. With steady topline expansion, improving margins, and continued investment in AI-driven initiatives, Great Learning has managed to sustain growth momentum even as many edtech peers continue to recalibrate their business models and spending patterns.

Legaltech startup LegalKart raises Rs 6.5 Cr in fresh round

EntrackrEntrackr · 1y ago
Legaltech startup LegalKart raises Rs 6.5 Cr in fresh round
Medial

LegalKart, a legal consultation platform, raised Rs 6.5 crore in its latest funding round from IIM Udaipur Incubation Centre. Aevitas Capital, Shift Alt Cap, and others have also participated. Earlier in January 2022, the Gurugram-based startup had raised Rs 4 crore in its pre-Series A round led by Mumbai Angels and others. The proceeds will be infused to ramp up company’s growth and drive the development of its AI-enabled legal technology solutions. Founded in 2019 by Arvind Singhatiya, LegalKart provides legal services with AI-driven documentation, consultations, and tailored digital solutions. The platform allows users to connect with legal professionals and lawyers in all Indian languages through audio and video calls, ensuring greater accessibility. LegalKart goes beyond consultations, offering services like property document verification, vehicle challan payments, and convenient review and drafting of legal documents. In the last 8 months, LegalKart claims to have witnessed a 453% jump in its business topline. The newly infused funds will be strategically utilized to fuel this exponential growth, introduce new AI-driven products, and expand LegalKart’s presence in India’s tier II and tier III cities.

JITO Shark Angels commits Rs 30 Cr to startups at JIIF Flames Summit

EntrackrEntrackr · 9m ago
JITO Shark Angels commits Rs 30 Cr to startups at JIIF Flames Summit
Medial

Four high-growth startups have secured funding in a bridge round worth Rs 30 crore at a recently held seed funding initiative by JITO Shark Angels. The JITO Shark Angels Pitch & Rise session during the JIIF Flames Summit saw Investors Madanlal Gundecha, Ecosystem Ventures founder Abhishek Sanghvi, Kiran Dantewadia, and Rajesh Jain leading the funding round. The investment was strategically allocated in the D2C consumer tech sector directed towards smart technology and sustainability. These funds aim to accelerate innovation and strengthen India's business landscape by backing ventures with significant growth potential. The JIIF Flames Summit provided a platform for discussions on investment trends, family business governance, and emerging market opportunities. Sessions covered Pre-IPO investments, stock markets, real estate, and gold, along with insights into the impact of Budget 2025 on business decisions. JITO Shark Angels supports high-potential startups across diverse sectors. Internationally, the initiative has also made its mark, with a Dubai edition witnessing a Rs 20 crore commitment from investors across logistics, space, fintech, and SaaS AI. Companies like Elixia and Astrophel Aerospace were among the beneficiaries of this funding. The JITO Incubation and Innovation Foundation (JIIF) is the innovation and entrepreneurship arm of JITO, committed to nurturing ideas and fostering businesses among its members. JIIF provides a platform for startups and established businesses to collaborate, innovate, and scale through strategic support, mentorship, and funding opportunities. It aims to expand impact across industries while promoting sustainable and community-centric growth.

Download the medial app to read full posts, comements and news.