Shardul Amarchand Mangaldas & Co. advises Accel & Norwest in their investment in Amagi Media Labs
April 19, 2022
Shardul Amarchand Mangaldas & Co. advised Norwest Venture Partners X – Mauritius and Accel Growth VI Holdings (Mauritius) Limited in their participation in the Series E (unicorn) investment round of Amagi Media Labs Private Limited (engaged in the business of helping media companies to process and monetize their content using software technology on the cloud). The deal, valued at USD 95 million, increased Amagi’s valuation to more than $1 billion.
The transaction team was led by Aayush Kapoor, Partner; Pracheta Redhu, Senior Associate; Harjas Singh, Associate; and Kaainat Pundir, Associate.
Veritas Legal advised Amagi Media Labs Private Limited and its Promoters (Mr. Baskar Subramaniam, Mr. Arunachalam Srinivasan Karapattu, and Mr. Srividhya Srinivasan). Trilegal advised PI Opportunities Fund-I, PI Opportunities Fund-2 and PI Opportunities Fund-I Scheme II. Khaitan & Co. advised M/s Kalpa Partners.
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