siliconindia | | NOVEMBER 20229AmagiMedia technology startup Amagi has raised $109 million at a valuation of $1.4 billion. The fresh investment includes $80 million in primary capital from global growth equity firm General Atlantic, and the rest is via secondary stake sales. In March this year, the startup raised $95 million in a funding round led by Accel, which catapulted it into India's growing list of unicorns, or startups valued at $1 billion or more. Founded in 2008, Amagi allows broadcasters to virtualise operations on the cloud, helping manage, schedule content and streamline programming remotely through its `CloudPort' offering. It also provides solutions for personalised insertions of advertisements through its `Thunderstorm' offering. Other solutions include PayTV solutions and analytics for broadcasters. Amagi, a nominee in the Comeback Kid category for the Startup Awards, currently offers three business models for customers - Software-as-a-Service (SaaS), bring your own license and fully managed services.MTA e-MobilityElectric mobility startup MT Autocraft has raised Rs.100 crore as seed funding. The latest funds would be used as part of the launch of the electric mobility company MTA e-Mobility Pvt Ltd (MTA EV).Karan Sehgal, Co-Founder of MTA EV said, "We have planned an initial investment of Rs.100 crore which will be funded by MT Autocraft, the Sehgal family and a few high-net-worth individuals (HNIs)".The latest cash injection will also allow the EV startup to hire two hundred more people for the newly built plant based in Palwal, Haryana. The plant, which is spread across three acres in the national capital region, will enable the company to become a complete electric mobility solutions provider. As part of the latest move, MTA EV has named Vivek Jakhmola as the Co-Founder of the new EV setup. Vivek is an industry veteran with over twenty-five years of experience and former president at JBM Group. He also counts Lumax Group as his previous employer.
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