Political news and analysis website Newslaundry has secured a round of funding from Omidyar Network, Mahesh Murthy, Vikram L
Newslaundry founders Madhu Trehan, Prashant Sareen, Abhinandan Sekhri and Roopak Kapoor have reduced their stake in the website to 17.25% each from the earlier 25%. Mahesh Murthy, Abhijit Bhandari, and Shashank Bhagat have 1% in the company.
Vikram Lal owns 2.5% of the website while the ESOP pool was set aside at 2.5%.
Founded in 2013, Newslaundry focuses on news critique, news reporting and current affairs. The website also has a podcast called Hafta which focuses on current affairs in India.
Before Newslaundry, Omidyar Network had invested in Scroll.in, a couple of years back.Category Investments News