Mumbai (Maharashtra)/ New Delhi [India], December 21 (ANI/BusinessWire India): 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.

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The General Corporate Practice of Cyril Amarchand Mangaldas advised Amagi Media and its Promoters on the transaction.

The transaction team was led by Trayosha Darapuneni, Partner; with support from Vaishali Vinod, Senior Associate; and Medha Kagali, Associate.

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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.

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