The IPO will comprise a fresh issue of shares worth Rs 1,020 crore and an offer-for-sale (OFS) of 3.4 crore shares by existing shareholders.
Richard Perkett's appointment comes as Amagi looks to expand the offerings of its media-tech SaaS platform
Amagi raised a $100-million investment from private-equity firm General Atlantic at a valuation of $1.4 billion last year.
Amagi raised $100 million investment from private-equity firm General Atlantic at a valuation of $1.4 billion earlier this month.
General Atlantic has invested $80 million in the financing round that values the company at $1.4 billion, up from the $1 billion valuation when Amagi last raised funding in March 2022
If the COVID-19 pandemic changed how people consume content, it also transformed how media and broadcast firms delivered content to their customers across the world with the rapid adoption of cloud-based software solutions. Bengaluru-based unicorn Amagi has been one of the biggest beneficiaries of this transformation. The startup enables content owners to launch, distribute and monetise live linear channels on free-ad-supported television and video services platforms through a suite of solutions. The demand for these software solutions has increased with growing consumption of online video content. Founded in 2008 by college mates Baskar Subramanian, Srinivasan KA and Srividhya Srinivasan, Amagi is also a rare unicorn that is profitable. On this episode of Bits to Billions, its founders Subramanian and Srividhya Srinivasan spoke to Moneycontrol's Chandra R Srikanth on why it is hiring at a time when many startups are firing and why it wants to list in India
Profitability is an addictive phenomenon. Once you become profitable, you want to be profitable, says Amagi co-founder Baskar Subramanian.
Amagi enables content owners to launch, distribute and monetise live linear channels on free-ad-supported television and video services platforms through a suite of solutions.
In September, Amagi raised $100 million from investors such as Accel, Avataar Ventures, Norwest Venture Partners and existing investor Premji Invest to double down on its cloud-based solutions for broadcast and streaming TV firms.
Amagi enables content owners to launch, distribute and monetise live linear channels on free-ad-supported television and video services platforms through a suite of solutions.
Using Amagi ‘thunderstorm’, SonyLIV will be able to insert targeted mid-roll ads without the need to change its existing broadcast workflows
Watch the story of Bangalore based tech startup Amagi, a next generation media technology company that enables personalisation of television content delivery.