Cyril Amarchand Mangaldas advised Amagi Media Labs Private Limited (“Amagi Media”) and its Promoters in relation to investment by General Atlantic in the Series F fundraising of Amagi Media. The transaction involved primary share subscription, and secondary purchases; and transaction value of approximately USD 100 million.
The General Corporate Practice of Cyril Amarchand Mangaldas advised Amagi Media and its Promoters on the transaction. The transaction team was led by team was led by Trayosha Darapuneni, Partner; with support from Vaishali Vinod, Senior Associate; andMedha Kagali, Associate.
Other Parties and Advisors to the transaction included BSR & Company (acted as tax advisor for Amagi Media); Premji Invest (existing investor); Accel India VI Mauritius Limited and Accel Growth Holdings VI Mauritius Limited (existing investor); Avataar Holdings and Avataar Venture Partners I (existing investor); Bharucha & Partners (acted as legal counsel for General Atlantic) and KMPG (acted as tax counsel for General Atlantic).
The transaction was signed on 19th October 2022; and closed on 10th November 2022.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.
