Amagi slides in India debut, as cloud TV software firm tests investor appetite

image via TechCrunch

January 21, 2026, 6:23 AM

• •Amagi's IPO raised ₹17.89 billion (approximately $196 million).
• •Shares opened at a 12% discount to the issue price.
• •The company is valued at around $825.81 million.
• •Amagi's revenue from operations rose 34.6% year-over-year.
• •The company is focused on the shift to cloud-based operations.

Amagi Media Labs, a cloud software company for TV and streaming channels, saw its shares decline in its India market debut after raising ₹17.89 billion. The company, valued at around $825.81 million after the IPO, earns most of its revenue outside India, primarily from the U.S. and Europe, making it a rare export-first technology listing. Amagi plans to invest the IPO proceeds in technology, cloud infrastructure, and potential acquisitions, while competing in a market undergoing a shift towards cloud-based operations.

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