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Amagi raises $95M, enters unicorn club

Amagi, a cloud-based SaaS technology for broadcast and connected TV, solidified its position as a SaaS media company with a new $95 million funding round followed by a 108 percent YoY growth in revenues.

Amagi raises $95M, enters unicorn club

Thursday March 17, 2022 , 3 min Read

Good Morning, 

It’s not even been three months into the year and India has already has 13 new unicorns. 

SaaS mediatech startup Amagi raised $95 million in a round led by Accel, with participation from existing investors Norwest Venture Partners and Avataar Ventures. 

Amagi offers creation, distribution, and monetisation of live, linear, and on-demand channels worldwide. The Bengaluru-based startup also announced a 108 percent year-on-year growth in revenues.

“This is a crucial juncture for our business as we look to hit a hyper-growth trajectory by creating a winning combination of goals, processes, team structures, and more," said Baskar Subramanian, CEO and Co-founder, Amagi.

With the fundraising, Amagi has now entered the coveted unicorn club — which boasts of startups including CredAvenue, Polygon, DealShare, Darwinbox, Livspace etc that entered this year.

Last year, India saw a record 44 startups crossing the billion-dollar valuation mark. But this record may break this year. According to a PwC report, over 50 Indian startups have the potential to enter the unicorn club in 2022.


The Interview

Watch Matter Founder and CEO Mohal Lalbhai explains how technology, innovation, and design have given them an edge to build customer-friendly EVs and energy storage solutions for the market.


Editor’s Pick: 100X Entrepreneur

One of India’s largest AI-based logistics aggregation platforms, Shiprocket enables delivery across 29,000 pin codes in India and 220 countries. 

In this week’s 100X Entrepreneur Podcast, Saahil Goel, CEO and Co-founder of Shiprocket, shares his 10-year journey of building the startup, and reveals how the company manages to stay relevant. Read more.

Saahil Goel


Startup Spotlight

Exploring the Northeast via WhatsApp

Founded in August 2019 by travel enthusiast Ankit Chetry, Guwahati-based Nomadic Territories aims to bridge the gap between the northeastern states and mainland India by providing travellers with the right information, and making them feel safe and at home while they travel across Northeast India. Read more.

Nomadic Territories

YS Design team


News & Updates


Before you go, stay inspired with… 

Shrijay Sheth
“While criticisms are temporary, learnings are permanent.”

Shrijay Sheth, LegalWiz.in


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