Accel and AVP Sell Amagi Shares Worth ₹587 Crore in Block Deals

21 Aug 2026, 9:46 pm · 22d ago · 1 min read · Inc42

Venture capital firms Accel and AVP sold over 1 crore shares of cloud SaaS startup Amagi in block deals worth ₹587.3 crore at ₹560 per share, a 3% discount to its previous closing price. Accel entities offloaded 54.6 lakh shares, while AVP affiliates sold 50.3 lakh shares. Several domestic and global institutional investors acquired the shares, including SBI Mutual Fund, which purchased 50.9 lakh shares, HDFC Standard Life Insurance, and ICICI Prudential Mutual Fund. Founded in 2008 by Baskar Subramanian, Srinivasan KA, and Srividhya Srinivasan, Amagi provides cloud-based broadcast and streaming solutions.