Amagi Media Labs Files for IPO, Aims to Raise Rs 1,020 Crore

Amagi Media Labs, a Bengaluru-based cloud software firm, has filed for an IPO to raise Rs 1,020 crore through a fresh issue. Investors Norwest Venture Partners, Accel, and Premji Invest will offload shares via an OFS. Amagi plans to invest Rs 667.2 crore in technology and infrastructure and use the remaining funds for inorganic growth and general corporate purposes. The company reported Rs 1,162.60 crore in operating revenue for 2024-25, up from Rs 879.10 crore in the previous financial year.

Amagi Media Labs, a Bengaluru-based cloud software firm, has filed for an Initial Public Offering (IPO) to raise Rs 1,020 crore through a fresh issue. The IPO includes an offer for sale (OFS) of 3.4 crore shares by existing shareholders, with investors such as Norwest Venture Partners, Accel, and Premji Invest offloading their stakes [1].

The company plans to deploy Rs 667.2 crore from the fresh issue towards strengthening its technology capabilities and expanding cloud infrastructure. The remaining proceeds will be allocated for inorganic growth opportunities and general corporate purposes [2].

Amagi Media Labs reported operating revenue of Rs 1,162.60 crore for the financial year 2024-25, up from Rs 879.10 crore in the previous financial year. The company's net loss narrowed to Rs 68.70 crore from Rs 245 crore during this period [2].

The company's technology enables the delivery of video content to smart TVs, smartphones, and apps, removing the need for traditional cable or set-top boxes. It has worked with over 400 content providers, 300 distributors, and 80 advertisers in over 40 countries till March 2025. Its client roster features prominent global media brands such as Vevo, Lionsgate Studios, DAZN, EW Scripps, Sinclair Broadcast Group, VIZIO, Roku, The Trade Desk, JioAds, and the Tennis Channel [1].

Amagi Media Labs is backed by investors such as Premji Invest, Accel, Norwest Venture Partners, and General Atlantic. The book running lead managers for the IPO are Kotak Mahindra Capital Company, Goldman Sachs (India) Securities, IIFL Capital Services, and Avendus Capital [2].

References:
[1] https://www.outlookbusiness.com/start-up/news/amagi-media-labs-files-drhp-for-1020-cr-ipo-accel-premji-invest-among-sellers
[2] https://m.economictimes.com/tech/startups/cloud-software-firm-amagi-files-for-ipo-plans-to-raise-rs-1020-crore/articleshow/122916921.cms