Mumbai: Audacity Venture Capital, a sector-specific, stage-agnostic venture capital firm focused on media-tech, has announced a landmark $50 million exit from its investment in VideoVerse, following the company’s acquisition by Minute Media, a leading global technology and sports content company.
This transaction marks India’s largest media-tech exit and ranks among the country’s top five technology acquisitions. For Audacity, it also represents the firm’s first exit from its inaugural fund, achieved in less than two years, and delivered to co-investors.
Audacity has been one of VideoVerse’s largest institutional backers, with its General Partners among the earliest to invest in the company through a prior fund, when the valuation stood at just $5 million.
“As a sector-specific, stage-agnostic fund, our strategy is to create alpha by identifying undervalued opportunities early and then continuing to invest through multiple stages of growth,” said Kabir Kochhar, Founding Partner, Audacity Venture Capital. “VideoVerse exemplifies this conviction-led approach. We backed them at the earliest stage, believed in their vision, and supported them as they scaled into a global leader in AI-powered sports content solutions. This exit is not just a fund milestone; it’s a validation of our thesis that media-tech offers outsized opportunities for investors who understand the space deeply and lays a strong foundation for our next fund.”
VideoVerse’s flagship AI-driven SaaS platform, Magnifi, enables sports media rights-holders, leagues, and publishers to automatically detect key moments, generate highlights in real time, and distribute short-form content with unmatched speed and precision. The acquisition by Minute Media will significantly accelerate Magnifi’s global adoption, integrating it into a full-stack creation, distribution, and monetization solution for leading sports organizations worldwide.
Vinayak Shrivastav, Co-founder & CEO of VideoVerse, commented, “From the very beginning, Audacity recognized our vision and the disruptive power of AI in media. They have been more than investors, serving as true partners who guided us, pushed us to think bigger, and supported us with both capital and conviction at every step. Their unwavering belief has played a pivotal role in shaping VideoVerse into what it is today.”
Audacity’s limited partners include leading global investors such as a prominent U.S. fund-of-funds, global family offices, and media conglomerates. Their support enables the firm to execute its sharp strategy of building category leaders in media-tech.
