Omidyar Network invests in iMerit

Omidyar Network on Tuesday announced that it has invested in iMerit Technology Services, a globally networked IT enabled services company.

The investment will help iMerit scale its operations, open additional project centres and expand its senior management team. Omidyar Network will hold an equity stake in the company, and Jayant Sinha of Omidyar Network will join the board of directors. 

iMerit is building a new way to deliver high-quality, web-enabled IT services work across the globe. The company draws on local talent, utilises a signature market-aligned skills training program, and delivers services through social media, cloud-computing platforms, and web portals. iMerit has built a strong portfolio of clients that includes leading organisations like Aptara and Catholic Relief Services, and has already created over 200 jobs that support more than 1,000 individuals from low-income families and marginalized sections of society.

“iMerit is creating opportunities for our young population to build skills and create a secure financial future for themselves and their families,”Omidyar Network Managing Director Jayant Sinha said.

“We're inspired by how Pierre Omidyar used technology to revolutionize how commerce is conducted,” iMerit Founder Radha Basu said.

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