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July 23, 2014

Deal Alert: Omidyar invests in media start-up

Omidyar Network, promoted by eBay founder Pierre Omidyar, has invested in start-up news and commentary website The investment was made into Scroll India’s US-based parent, Scroll Media Inc. Scroll was launched less than a year ago and has inked a contract recently with US business blog Quartz (QZ) to launch an India edition. Khaitan & Co. advised Omidyar Network on the transaction.

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