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Bangalore, India-based online advertising network Ozone Media Solutions Pvt Ltd has received its first round of funding from IDG Ventures India. Kiran Gopinath, founder and CEO of Ozone Media confirmed the deal but refused to divulge the deal size. A media report suggested that it could be around $4 million.
Ozone offers customized service for advertisers across verticals such as news, financial services and entertainment. Their business model is to aggregate small and medium sized publishers who do not have their own sales force and sell the inventory to advertisers…more details on ContentSutra.