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Ozone Media raises $4 million from IDG Ventures India

Bangalore based online ad network Ozone Media has reportedly received $4 million from IDG Ventures India. This is the first round of funding by Ozone Media which intends to use the fund for increasing the number of its partner websites and strengthen its marketing strategy.

Bangalore based online ad network Ozone Media has reportedly received $4 million from IDG Ventures India. This is the first round of funding by Ozone Media which intends to use the fund for increasing the number of its partner websites and strengthen its marketing strategy.

Ozone Media has over 100 network websites as its partners in a revenue sharing model. The company also claims more than 40 clients including HSBC, SBI, Yahoo, Lenovo, Cleartrip and Citibank. The company grew by 150 per cent in the previous fiscal, according to Kiran Gopinath, CEO, Ozone. [Source: Business Standard]

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