Shark Tank Fame Medial Shuts Down Amid Mounting Cash Crunch

Startup-focused social networking platform Medial is winding down its operations, its founder and CEO Niket Raj Dwivedi announced today in a post on LinkedIn. The “difficult decision” to shut down came after the startup failed to raise fresh funding amid a mounting cash crunch. As per a person familiar with the development, it was struggling to find a monetisation channel.