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Tag: investment firm

  • 27th Sports acquires marketing mandate for India-Bangladesh test & ODI series

    27th Sports acquires marketing mandate for India-Bangladesh test & ODI series

    Mumbai: The global investment firm 27th Investments-backed 27th Sports has acquired exclusive commercial rights for India-Bangladesh’s three-match ODI and 2-match test series.

    Dubai-based 27th Sports have acquired exclusive rights from Impress-Mattra Consortium, the on-ground rights holder of all Bangladesh cricket team’s home series.

    This is the third major signing in cricket for 27th Sports after the India-Sri Lanka Women’s ODI & T20 Series in Sri Lanka and the high-profile Road Safety World Series T20 where the Sachin Tendulkar-led India Legends team emerged winners defeating Sri Lanka Legends for the second consecutive time in the final.

    Recently, 27th Sports also acquired The Hawks franchisee in the World Tennis League to be held in Dubai from December 19 to 24. The team comprises Alexander Zverev, Dominic Thiem, Elena Rybakina and Annett Kontaveit.          

    27th Investment CEO and president Anil Damani said, “I thank the Bangladesh Cricket Board (BCB) for giving us this opportunity and believing in our capabilities to deliver even in times of elevated global uncertainty. I am also very happy that in line with our vision of investing in growing economies, Bangladesh has a strong track record of growth and development, and like the Bangladesh cricket team, which has time and again proved that they can be world beaters, the country is also regarded as a rising star among South Asian economies.”  

    Speaking about the high-voltage series, 27th Sports CEO and co-founder Sangeet Shirodkar said, “It has been a matter of great pride and honour to partner with the Impress-Mattra Consortium for India-Bangladesh series where all top players of both countries will be in fray. We are extremely proud to be working in this series as exclusive commercial rights partner and we are thankful to all in Bangladesh who have made this possible. It is also a great opportunity for us to strengthen our ties with our partners here and widen our network in Bangladesh which is one of the fastest emerging markets in world cricket. Bangladesh’s passion for cricket is second to none and their rivalry with India is also well documented, so I look forward to an exciting series and a memorable association with the Impress-Mattra Consortium and the BCB.”

    The Impress-Mattra Consortium has been working with BCB for more than a decade now. The consortium currently holds the right for all the home series in Bangladesh till 2023 which includes the India versus Bangladesh series to be played in December 2022.

    Impress-Mattra Consortium spokesperson Sanaul Arefeen said, “Bangladesh cricket will see a new marketing partner in this series. The country’s cricket market is growing, and as a result, not only domestic organizations but foreign companies too are also showing interest in joining Bangladesh cricket today, which is not only helping the country’s cricket move forward, but also creating a healthy competitive field. We welcome 27th Sports and are excited to have them on board for this series.”

  • Catamaran announces leadership rejig: names M.D. Ranganath as chairman & Deepak Padaki as president

    Catamaran announces leadership rejig: names M.D. Ranganath as chairman & Deepak Padaki as president

    MUMBAI: Bangalore-headquartered investment firm, Catamaran has announced the appointment of M.D. Ranganath as its chairman. As a president of the firm for the last three years, Ranganath was instrumental in creating a strong foundation for growth of the firm’s investments and their performance.

    Catamaran also announced the appointment of Deepak Padaki as its president. He will be responsible for driving the firm’s investment management strategy in its mission to nurture ideas from entrepreneurs into impactful business outcomes. Padaki has 30 years of experience in the global IT services and software product industry, having played various roles in strategy, M&A, venture funding and risk management.

    “I am delighted on the appointment of Ranganath as chairman. He has helped the firm grow faster and emerge stronger as a key player in the market over the last few years”, said founder and chairman emeritus N.R. Narayana Murthy. “I am also very pleased to welcome Deepak. Catamaran will benefit from his experience and leadership as it prepares to scale in this next phase of its journey”, he added.

    Catamaran Ventures is a venture capital fund set up by Infosys Technologies Ltd founder and chairman N.R. Narayana Murthy that focuses on investments in early stage and growth start-up companies. The company serves clients in India.

  • Emerald Media, Mayfield India sell stakes in Amagi

    Emerald Media, Mayfield India sell stakes in Amagi

    Mumbai: KKR’s pan-Asian media investment platform Emerald Media and Mayfield India on Saturday announced they have sold their stake in Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV.

    Accel, Avataar, Norwest Venture Partners, along with existing Amagi investor Premji Invest have collectively invested well over $100 million to pick up the stake held by Emerald Media and Mayfield India, said the statement.

    “Emerald Media and Mayfield India were early investors in Amagi. They invested at a time when cloud technology in broadcast media was in its infancy,” commented Amagi co-founder and CEO Baskar Subramanian.

    Amagi is one of the largest cloud deployments in the world with distribution in 40 countries across cable, connected TV and OTT. The company supports over 800 channels on its platform including playout and redundancies. It has developed deep technical integration with ad-supported platforms such as The Roku Channel, Samsung TV Plus, Pluto TV, Plex, Redbox, Stirr, Vizio, Xumo and other top 30 OTT platforms, providing one of the most comprehensive distribution coverage for content owners to reach their audiences in the US, LatAm, Europe, and Asia.

    “Our journey of partnering with Baskar, Srividhya and Srinivasan in bringing alive their vision of becoming one of the fastest-growing media SaaS companies in the world has been an enriching one,” said Emerald Media managing director Rajesh Kamat. “Amagi has today catapulted to international success with a global footprint and a robust growth trajectory on the back of its bold and pioneering technology innovation along with their ability to foresee the needs of the industry.”

    “Mayfield being the first institutional investor in Amagi in 2013, we have observed this company grow from an India-focused technology and services player to a truly global and dominant SaaS enterprise on the back of their unique and homegrown IP stack. We wish all three founders and the incoming investors all the best in the years to come,” said Mayfield India managing partner Vikram Godse.

    Amagi has a state-of-the-art cloud broadcast operations center that can support 1000+ live linear channels. The company clients include A+E Networks UK, beIN Sports, CuriosityStream, Discovery Networks, Fox Networks, Fremantle, NBCUniversal, Tastemade, Tegna, Vice Media, and Warner Media among others.