Liquidity Events

Media tech firm Amagi’s founders buy back shares worth Rs.9-Cr from investors in pre-IPO juggle

Inc42  

IPO bound, Bengaluru-headquartered media technology unicorn Amagi ’s co-founders Baskar Subramanian, Srividhya Srinivasan, and Srinivasan KA have bought back the company’s shares worth INR 8.77 crore (INR 25 apiece) through Vinculum Advisors LLP. The shares were bought from existing investors, such as Premji Invest (shares worth INR 3.3 crore), Accel (shares worth about INR 2 crore), and Norwest Venture Partners (7.16 lakh shares).Trudy Holdings, Kalpa Partners, Armada Venture Partners and Pandora also sold shares to the promoter group entity.

Between Oct 2009 and Nov 2022, Amagi Media Labs had attracted about USD 372.69- M from Accel India, Avataar Venture Partners, Norwest, Nadathur Holdings, Mayfield and PremjiInvest.For FY24, Amagi Media Labs had reported about INR 879.15 Cr in Operating Income and about INR 245 Cr in Net Loss.

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