Bengaluru-based skilled networking platform Medial has begun winding down its operations, founder and CEO Niket Raj Dwivedi has introduced.

Dwivedi described the transfer as a “tough choice” in a LinkedIn post on 14 July.

“Our goal with Medial was to create a house for the startup ecosystem on the web,” he wrote, including that the platform was supposed to assist founders, workers and buyers whereas bettering entry to data past India’s largest cities.

“Geography shouldn’t ever be a limitation,” he stated.

Dwivedi claimed Medial had reached 500,000 customers, together with individuals in additional than 30 international locations.

“We would not have timed it nicely,” he stated.

Dwivedi thanked the corporate’s workers, buyers and customers, and stated he supposed to proceed constructing startups.

“I’m certain some bold child someplace will dream of the identical thesis once more and do it higher than us. I’ve been constructing startups for the final 10 years, win or lose, I’ll proceed with the identical ardour. I don’t know what precisely is subsequent for me however extra on that quickly,” he added.

Based in 2023 by Dwivedi, Aishwarya Raj Pandey, Harsh Dwivedi and Prateek Kaien, Medial operated as a content material and group platform for founders, buyers and other people working in know-how and startups.

The platform carried startup information and business updates, alongside skilled discussions, profession data and office conversations.

In December 2024, the Shark Tank India-featured startup raised $500,000 in a pre-Series A funding round from Ortella World Capital, co-founded by serial entrepreneur Rajvardhan Mohite and former IFC government Sayan Ghosh.