Private Equity

Other Private Equity/Strategic Investments

Media-tech co Amagi in talks with General Atlantic, TPG to raise $100-M at $1.4 B valuation

Mint  

Private equity firms General Atlantic and TPG are in talks to invest USD 100 million in Bengaluru-based media technology firm Amagi, valuing the company at around USD 1.4 Billion. Some existing employees and early-stage investors will partially sell their stake to bring on board a new investor. Amagi, which helps media companies create, distribute and monetize streamed content, claims to be profitable, having crossed USD 100 million in revenue run rate. Amagi raised USD 95 million in March, in a round led by Accel, at a unicorn valuation. In September 2021, it raised USD 100 million from Accel, Avataar Ventures and Norwest Venture Partners. It also counts Nadathur Holdings, the venture investing arm of Infosys founder N.S. Raghavan and Premji Invest as its investors.