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

News on Medial

Community platform Hack2Skill raises $1 Mn in debt and equity

EntrackrEntrackr · 1y ago
Community platform Hack2Skill raises $1 Mn in debt and equity
Medial

Community platform Hack2Skill has raised $1 million in debt and equity financing round co-led by Recur Club and String Ventures. Founded in 2021 by Samkit Sharma, Hack2Skill is an operator of a hackathon platform intended for communities and corporations to manage hackathons in a better way. The platform features a suite of tools that help communities and corporations to manage hackathons, including registration, team matchmaking, event timeline, internal chat, and more, enabling companies to upskill developers by providing them with a platform to learn new skills, build projects, and earn rewards. Also Read: Recur Club plans to deploy Rs 2,000 Cr in 2024: Interview with Eklavya Gupta Hack2Skill claims to have a community of more than 2.5 million tech enthusiasts and focuses on empowering its community to find innovative solutions collaboratively by organising hackathons, workshops, and boot camps. Recur Club has disbursed over $100 million to over 500 companies, including Ustraa, Rage Coffee, Moveinsync, Keka HR, Xoxodays, and others. Last month, it invested in skincare brand Conscious Chemist.

Related News

Neobanking startup Zolve raises $251 Mn in Series B round

EntrackrEntrackr · 8m ago
Neobanking startup Zolve raises $251 Mn in Series B round
Medial

Neobanking startup Zolve raises $251 Mn in Series B round Founded in 2021 by Raghunandan G, Zolve offers immigrants an FDIC-insured US bank account and a credit card without requiring a Social Security number in the United States. Cross-border neobanking startup Zolve has secured $251 million in an equity and debt funding round led by Creaegis, with participation from HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors Accel, Lightspeed Venture Partners, Sparta Group, and DST Global. This Series B round includes a $200 million warehouse line (debt) from Community Investment Management to fuel its growing credit portfolio across geographies. In October 2023, the company raised $100 million in a warehouse debt facility from US-based impact investor Community Investment Management (CIM). Zolve has bagged $406 million in equity and debt financing to date. This substantial investment comes as Zolve reaches the 750,000-customer mark, having facilitated the movement of over $1.2 billion. The firm claims that it became customer-level profitable in early 2024 and is on track for company-level profitability by the end of 2025. Zolve plans aggressive expansion into three key areas. Geographically, Canada is next, followed by the UK and Australia. The company will also expand its credit portfolio by launching auto loans, personal loans, and education loans. The firm aims to become a full-stack financial platform for global citizens, enabling seamless international money transfers, insurance, and investment products. This is the largest debt funding raised by an Indian-origin startup in 2025.

SaveSage raises $1 Mn in pre-seed round

EntrackrEntrackr · 19d ago
SaveSage raises $1 Mn in pre-seed round
Medial

SaveSage raises $1 Mn in pre-seed round SaveSage has raised $1 million in a mix of equity and debt in its pre-seed funding round led by Bhavesh Gupta, with participation from new investors N.R. Narayanan, Lalit Wadhwa, DSP Family Office, Venture Catalysts, and Suvrat Sehgal. The proceeds will be used to strengthen its AI engine, expand product features, and accelerate user growth. Launched in October 2024, SaveSage helps users track and manage credit card and travel loyalty rewards. The platform has reached 200,000 users and an annual revenue run rate of $1.1 million as of September 2025. SaveSage’s business model is based on a mobile app that provides credit card management, rewards optimisation tools, and bill payment services. It competes with platforms such as CRED, CheQ, and OneScore, with a focus on rewards and loyalty optimisation. SaveSage currently manages over 1 million credit cards and 400,000 loyalty program accounts. Over 100,000 users pay their credit card bills through the platform.

Nia.one raises $2.4 Mn in seed round from Elevar Equity

EntrackrEntrackr · 4d ago
Nia.one raises $2.4 Mn in seed round from Elevar Equity
Medial

Nia.one, a full-stack platform for gig and blue-collar workforce, has raised $2.4 million in seed funding from Elevar Equity. The proceeds will be used to expand the company’s Niadel hubs across major cities and employment corridors, combining jobs, housing, and daily essentials for gig workers under one integrated ecosystem. Founded in August 2024 by Sachin Chhabra and Lt. Col. Pushkar Raj, Nia.one operates a phygital model that connects migrant and gig workers to verified jobs, affordable housing, meals, mobility, and community services. The platform currently serves 3,000 workers across 50 cities and plans to scale to over 8,000 workers in the coming quarters. The hubs are located within one kilometer of large worksites in logistics, warehousing, and manufacturing zones. Jyotsna Krishnan, Managing Partner at Elevar Equity, said, “Nia.one focuses on gig workers as entrepreneurial households. Its integrated model improves both worker retention and enterprise performance.” Nia.one’s architecture combines four elements, Flow (jobs), Studio (housing and essentials), Tribe (community), and Rafiki (AI assistant), creating a sustainable, capital-efficient system for India’s fast-growing gig economy.

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