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Amagi Media Labs, a Bengaluru-based cloud SaaS platform specializing in broadcast and connected TV solutions, has taken a key step towards going public by filing its Draft Red Herring Prospectus (DRHP) with SEBI. The company plans to raise ₹1,020 crore through a fresh issue of equity shares. Alongside this, several existing investors will make a partial exit through an Offer for Sale (OFS) of up to 3.4 crore shares. Key stakeholders participating in the OFS include venture capital firms like Accel, Norwest Venture Partners, Avataar Ventures, and PI Opportunities Fund. Accel will offload over 60 lakh shares through its two entities Accel India VI and Accel Growth VI. Norwest and PI Fund plan to sell 79 lakh and 99 lakh shares, respectively, while Avataar will sell nearly 18 lakh shares. In addition, individual shareholders such as Trudy Holdings, Prem Gupta, Rahul Garg, and Rajesh Ramaiah will also sell part of their holdings. Founded in 2008, Amagi enables media companies to manage, distribute, and monetize content globally using cloud infrastructure. The IPO is expected to further strengthen its market position and accelerate growth.

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