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Tag: Norwest Venture Partners

  • Amagi files for Rs 1,020 crore IPO to boost tech and cloud expansion

    Amagi files for Rs 1,020 crore IPO to boost tech and cloud expansion

    MUMBAI: Clouds, cash, and content Amagi’s IPO play is streaming towards Dalal Street. Amagi Media Labs, the Bengaluru-based SaaS powerhouse fuelling global streaming, has filed its draft red herring prospectus (DRHP) with SEBI for a blockbuster IPO combining fresh equity of up to Rs 1,020 crore and an offer for sale (OFS) of 3.41 crore equity shares.

    The fresh issue will fund Rs 667 crore in tech and cloud infrastructure, while also financing future acquisitions and corporate purposes. The IPO will also give early backers including Premji Invest, Norwest Venture Partners, Accel, and Avataar Ventures, a chance to partially exit via the OFS route.

    Founded in 2008 by Baskar Subramanian, Srividhya Srinivasan, and Arunachalam Srinivasan Karapattu, Amagi has emerged as a global player in the Media & Entertainment (M&E) technology landscape. Its AI-powered, cloud-native platform supports content providers, OTT distributors, and advertisers in uploading, managing, and monetising video content whether it’s on smartphones, smart TVs, or streaming platforms.

    Today, Amagi works with over 45 per cent of the top 50 listed media and entertainment companies by revenue, cementing its position as the go-to “industry cloud” for streaming.

    The company is structured into three verticals Cloud Modernisation, Streaming Unification, and Monetisation & Marketplace serving television networks, film studios, production houses, telecom operators, OTT giants, and advertising platforms.

    Financially, the company is turning the corner with impressive top-line growth. In FY25, Amagi clocked Rs 1,162 crore in revenue from operations, posting a CAGR of 30.70 per cent from FY23 to FY25. Even more notably, its adjusted EBITDA margin turned positive at 2.02 per cent, bouncing back from -17.69 per cent in FY24 and -20.62 per cent in FY23, a strong indicator of improved operational leverage.

    Amagi may also explore a Pre-IPO placement of up to Rs 204 crore, which would reduce the fresh issue proportionally.

    Leading the IPO charge are Kotak Mahindra Capital, Goldman Sachs India, Citigroup Global Markets, IIFL Capital, and Avendus Capital, with the listing proposed on both the BSE and NSE.

    For a company that started out serving satellite TV channels, Amagi has now become a global cloud-streaming disruptor poised to write its next big chapter on India’s public markets. With video streaming only growing and cloud infrastructure becoming critical, Amagi’s IPO could be the signal investors have been waiting to tune into.

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  • Quikr raises Rs 365 crore for future expansion

    Quikr raises Rs 365 crore for future expansion

    Mumbai: Valued at around Rs 1800 crore, the online classifieds platform, Quikr has raised Rs 365 crore in the latest round of funding. The investment was led by new investor Tiger Global Management, a global investment firm, with participation from its current investors.

     

    The company, which has so far received funding of around Rs 1,300 crore since its inception in 2008, will use the funds towards product development and further expansion of its mobile business, Quikr said in a statement.

     

    Commenting on the latest funding, Quicker founder and CEO Pranay Chulet said, “The explosive growth in mobile Internet is fundamentally reshaping the Indian classified Internet market, and we are well positioned to be at the forefront of this growth.”

     

    “This funding round is a powerful validation of our local knowledge and connections, skilled execution and quality management team. We are excited to welcome Tiger Global to Quikr as we continue to further grow our platform,” he added.

     

    The Mumbai-based company’s current investors include Kinnevik, Matrix Partners India, Nokia Growth Partners, Norwest Venture Partners, Omidyar Network, Warburg Pincus and eBay Inc.

     

    In the previous round of funding held in March, Quikr was valued at about Rs 1,525 crore. At that time, the company had raised Rs 550 crore in an investment round led by Swedish investment firm Investment Kinnevik.

     

    Talking about the new investment, Tiger Global Management partner Lee Fixel said, “Quikr has grown rapidly to become one of India’s major classifieds players with a deep understanding of the local market. By leveraging the company’s strengths as a local player, Quikr has seized a tremendous opportunity in a rapidly growing market. We look forward to supporting the Quikr team.”

     

    Quikr records 30 million users a month across 940 cities in India. These consumers come to Quikr to sell, buy, rent or find products and services in a variety of categories including mobile phones, household goods, cars, real estate, jobs, services and education.

  • Komli Media raises $30 million to strengthen leadership position in Asia Pacific

    Komli Media raises $30 million to strengthen leadership position in Asia Pacific

    NEW DELHI: Komli Media, a digital media technology platform, recently announced that it has raised $30 million from new investor Peepul Capital.  

     

    Existing investors, Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated in the funding. The company has raised funds to further invest in its key technology platforms and to strengthen its presence through integrated go to market solutions across the Asia Pacific (APAC) region.

     

    “As digital advertising grows in a fast and fragmented manner, it has become critical for the industry to focus on delivering integrated solutions across social, mobile, display and video,” said Komli Media CEO Prashant Mehta. “We have already seen strong adoption of our integrated solution along with algorithmic trading. With the increased funding, we plan to deepen our focus on innovative technologies, such as real time bidding (RTB), to deliver significantly greater value to our customers.”  

     

    Komli Media has built market-leading technologies such as Remarketing on its proprietary ATOM platform that has scaled across regions by delivering strong ROI metrics in display, social and mobile. The company recently integrated ATOM into Facebook’s RTB (Real-Time-bidding) platform – Facebook Exchange (FBX), making it one of the first adoptees in the region.

     

    “We believe that India and southeast Asia are at an inflection point in embracing digital advertising. Komli is a leading player in these key markets and with its technology platform, wide product suite and exceptional leadership team, the company should consolidate its current position even further,” said Peepul Capital investment director Venkat Shankar.

     

    “Komli’s success story is demonstrated by a CAGR of 200 per cent achieved over the past three years driven by innovative platforms coupled with aggressive organic and inorganic investments.  With this round of funding, we expect to further capitalise on the massive market opportunity and also accelerate our growth,” said Komli Media CFO Rakesh Malani.

     

    Avendus Capital was the leading financial advisor to Komli Media on this transaction.

  • Komli Media gets Norwest Venture to lead funding round of $39 mn

    MUMBAI: Media technology platform Komli Media Asia Pacific‘s has raised $39 million, bringing the total funds raised to $62 million.
    Norwest Venture Partners (NVP) led the largest financing round with participation from Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson and Western Technology Investment.

    The funds will be used to invest in the company‘s core media technology platforms and to expand its presence across the Asia Pacific (APAC) region.

    Komli Media CEO Prashant Mehta said, “We see significant long-term opportunity in bringing an integrated platform solution to the market. This financing will allow us to materially scale our platform and operations by investing in our Real-Time Bidding (RTB), data, analytics, and retargeting solutions to improve ROI for advertisers and yield for publishers. Our industry leading solutions will allow us to deepen our presence and engagement with customers and publisher partners across APAC.”

    NVP MD Niren Shah said, “We are very pleased with the exceptional work done by Komli Media‘s leadership team in driving growth and establishing the company as the leader across APAC. With early investments in superior talent and its innovative platforms, the company is well positioned to capture a much larger share of digital media within some of the fastest growing markets in the world.”

    Komli Media delivers an integrated platform across graphical media to help advertisers achieve their core objectives. The company offers services and technology like real-time display advertising (ATOM) and mobile (Komli Mobile) platforms to add value for its customers.

    Komli Media has grown 150 per cent annually since 2009 and has over 5,000 leading publishers including exclusive relationships with Facebook and MSN in key markets. It reaches over 270 million users monthly and actively services more than 1,000 advertisers across the region. Komli Media serves over 38 billion monthly impressions, up from 10 billion 12 months ago. Its clients include Unilever, P&G, Citibank, Intel and Samsung.

  • TV18 to provide VC funding to convergence companies, earmarks Rs 500 million

    TV18 to provide VC funding to convergence companies, earmarks Rs 500 million

    MUMBAI: Raghav Bahl-promoted Television Eighteen is jumping into the convergence arena. The company plans to invest Rs 500 million in this space, identifying small-sized ventures which need funding support.

    TV18 will function more as a venture capitalist, making investments into these companies at an early stage. “We realise there are opportunities in the convergence area of internet, TV, and broadband. Small companies engaged in this field are springing up. We plan to support them and make judicious investments spread over a string of companies. We have taken an enabling resolution to make investments in this space up to a maximum of Rs 500 million,” says a senior company executive.

    TV18 is setting up a Media Venture Capital Trust (MVCT) through which it will make these investments. The MVCT shall be suitably structured as a tax efficient investment vehicle for undertaking these investments and will offer co-investment opportunities to the promoters of the company and other identified reputed investors.

    The investments will be primarily in high growth companies. “TV18 will seek to invest, directly or indirectly minority stakes in these companies through repayment guaranteed / collateralized instruments convertible into equity, with an option to increase up to majority stake at a later date, wherever possible, subject to necessary provisions and approvals,” the company informed the BSE.

    Outside these investments, TV18 will continue to acquire vertical portals. The company, which has internet ventures being consolidated into a wholly owned subsidiary, acquired in April a 50 per cent stake in the Indian arm of Jobstreet.com. Eariler in the year, it had invested in Yatra Online where other investors included Anil Ambani’s Reliance Capital and Norwest Venture Partners (NVP) – Promod Haque’s leading venture capital firm.

  • Norwest Venture partners invests $10 million in Web 2.0 Sulekha.com

    MUMBAI: Sulekha.com, the online social media and local commerce destination for Indians,has announced Promod Haque’s global technology venture capital firm, Norwest Venture Partners (NVP)’s series A, investment of $10 million in the company.

     

    Sulekha.com plans to use the new capital to extend business development and marketing, primarily through alliances, and expand its service offerings into new vertical markets. NVP managing partner Promod Haque, has joined the Sulekha board of directors. Sulekha, founded and run by Satya Prabhakar, received prior funding from the Indigo Monsoon Group (IMG), led by Param Parameswaran and Harish Raghavan. IMG invests in early stage companies in the Indian Internet and Mobile domains.

     

    “Sulekha has been a Web 2.0 company even during the Web 1.0 days. It has positioned itself at the vortex of three of the largest Internet mega-trends: India, Social Media and Local Commerce through industry-leading services including Blogs, Social Networks, Classifieds and Yellow Pages. While the management of Sulekha has done a great job of developing reach and revenue, the real explosive potential, both in online and mobile platforms, is still in front of us,” said Haque.

     

    “NVP is one of the most reputed venture capital firms in the world with more than 45 years of experience in building successful companies. This, coupled with NVP’s strong interest, many investments and relationships across various industries in India, made NVP a great choice for Sulekha as we pursue aggressive growth plans in the coming year,” said, Sulekha.com founder and CEO Satya Prabhakar. “In particular, we look forward to working with Promod Haque who, with his valuable experience and vast global network, has helped numerous companies, both in U.S. and India, soar and succeed,” he added.

     

    “The marriage of trusted member to member interactions and its application to classifieds and business search/ratings holds incredible promise in spurring local commerce in India. Sulekha’s successful track record of aggregating member content and interactions by city and by vertical areas of interest will allow us to deploy the new capital to dominate this market niche,” said IMG and Sulekha.com Chairman Param Parameswaran.

     

    Sulekha’s Portfolio of Services – Interact and Transact
    By offering a user-generated platform and a trusted community network, Sulekha enables Indians to interact and transact with their peers and businesses through three popular services:

     

    Blogs and Social Networking – Sulekha provides the largest and most popular platform for Indians to voice their ideas, opinions and reviews in blogs. Users can also connect with other Indians creating online social networks. Just as social networking driven by expression has become a destination for US consumers, Sulekha brings the same experience to India and beyond.

     

    Sulekha has crafted successful offline partnerships with such companies as Penguin, DNA and Indian Express to create important additional distribution avenues for its tens of thousands of bloggers.

     

    Classifieds – Sulekha has the largest and most popular Indian classifieds marketplace for goods and services that fosters transactive relationships among its members in over 25 cities worldwide daily. With more than 250,000 ads and addressing 80% of online Indians worldwide, Sulekha provides unparalleled opportunities to connect members when they need to interact and transact.

     

    Yellow Pages – Sulekha.com is the provider of online yellow pages in India supporting millions of business searches every month. Sulekha leverages its vast audience to help local businesses reach customers on a daily basis, and includes user-contributed reviews, ratings and recommendations to enable consumers to make the most informed purchasing decisions. Sulekha’s yellow pages currently offer business listings in eight cities throughout India and US. Sulekha Yellow Pages is also integrated with WAP-enabled mobile phones for mobile downloads of listings.

     

    “While we are only recently witnessing tremendous interest in Web 2.0 startups worldwide, Sulekha has been a thought leader in this space for some time, and continues to make rapid strides. Sulekha’s strong and experienced management team is well-positioned to capitalize on the unprecedented Internet growth in India over the last year, and we believe the company has a first mover advantage in pursuing significant revenue-generating opportunities in the coming years,” added Haque