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Medial raises $500K in pre-Series A led by OG Capital

EntrackrEntrackr · 1y ago
Medial raises $500K in pre-Series A led by OG Capital
Medial

Professional social media platform Medial has raised $500K in a funding round led by Ortella Global Capital (OG Capital), a fund established by Rajvardhan Mohite and former IFC executive Sayan Ghosh. Medial is one of the few startups to have raised two funding rounds in 2024. The Bengaluru-based firm secured $120K in January during its pre-seed round, which was led by FirstCheque VC. The fresh proceeds will be used to create an integrated professional ecosystem focused on meaningful connections, career growth, and relevant content for the startup and tech community globally, Medial said in a press release. Founded and led by Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi, Medial is a content and community-driven platform with a vibrant community across diverse domains such as tech, product, and UI/UX. It serves as a hub of startup news, industry updates, banters, and advice in a non-clickbaity fashion to add value for its community, and enable transparent and inclusive workplace conversations. Medial started as an integrated platform for professionals in the startup sector and plans to grow into a job board and company profile with worldwide relevance. According to the company, the app is creating a community for product managers, UI/UX designers, product analysts, venture capitalists, business analysts, and aspiring entrepreneurs. 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.

Ladies Who Lead raises $1 Mn led by Nithin Kamath's Rainmatter

EntrackrEntrackr · 1y ago
Ladies Who Lead raises $1 Mn led by Nithin Kamath's Rainmatter
Medial

Members-only platform Ladies Who Lead (LWL) has raised $1 million in a pre-Series A funding round led by Nithin Kamath's investment firm, Rainmatter, along with participation from the Family Office of Jayant Davar. The funding will enable LWL to expand its ecosystem for women professionals and leaders across multiple sectors, offering them resources and mentorship, the platform said in a press release. Co-founded in 2021 by Aabha Bakaya and Aditya Ghosh, Ladies Who Lead (LWL) is a members-only platform designed to support and amplify the voices of women in leadership. The platform provides women access to mentorship, exclusive networking, and professional development opportunities through its Titan and LWL Members clubs. It aims to foster an equitable professional ecosystem where women can thrive and drive change. LWL asserts that it has been actively shaping an inclusive space for women entrepreneurs, professionals, and veterans across industries, creating professional growth opportunities through curated workshops, networking, mentorship programs, upskilling programs, and social events. It addresses key barriers to leadership advancement, such as pay disparity, networking limitations, inaccessibility to mentors, and the need for better work-life balance for women professionals. According to market research, only 35% of Indian women participate in the workforce, compared to the global average of 50%, and they hold just 18% of senior leadership roles in India. LWL states that it is currently active in Delhi-NCR, Mumbai, and Bangalore, with plans to expand to a wider audience across the country and further diversify its membership. The platform claims to have over 1,200 members spanning more than 50 industries.

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