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Emerald Media

6th Floor, Kirabo E-291, 13th Road, Khar, Mumbai, Maharashtra, 400052, India

Overview

Emerald Media is a pan-Asian platform established by KKR to fund investment opportunities in the fast-growing media and entertainment industries across Asia. KKR has committed up to $300mm from its KKR Asian Fund II and The Chernin Group will join as a minority co-investor. Emerald Media is led by industry veterans Paul Aiello and Rajesh Kamat and will be joined by an experienced team of investment and operating executives. Paul and Rajesh together have a combined experience of more than 30 years in the industry and bring a unique blend of operational and investment acumen to their business approach. The platform will primarily focus on providing growth capital to media, entertainment and digital media companies and will look to acquire control or significant minority positions in growing public and private media companies. The platform will look to invest approximately $15-75mm in any investment. Emerald Media will seek to identify subsectors and players in respective countries with strong growth potential based on the team’s deep knowledge and experience in the media, entertainment, and technology industries in Asia. Post-investment, the Emerald team will assist the investee companies in scaling up by providing support across strategy, operations, finance, branding and marketing depending on the needs of each company.

Total investments
4
Lead investments
4
Investments · 12mo
0
Active investors
8

Sector focus

  • Digital Entertainment
  • Digital Media
  • Media and Entertainment
  • Venture Capital
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Investment portfolio

  • Global Sports Commerce

    Led · Equity · Mar 2018

    GSC combines commercial and sponsorship management with technology solutions across LED signage, sponsorship management platforms, premium consulting, fan engagement, AR/VR, drone-based data acquisition, wireless technology and data science. The firm operates through 13 subsidiaries and affiliates, including Techfront, ITW, Qubercomm, Sportsgateway, Media Bay, Beyond Boundaries, Cartoon Mango and Nanoyotta. GSC serves major sports bodies, leagues, stadiums and brands — clients named include FIFA, the English Premier League, NRL Australia, Australian Football League, IPL, Formula 1, Big Bash League and Cricket Australia. It has a presence in 16 cities across 10 countries, with offices in markets including Australia, Hungary, India, New Zealand, South Africa, Switzerland, the UAE, the UK and the US. The company is pursuing inorganic growth and next-generation technology development to expand in digital sporting solutions markets globally. The recent capital injection is intended to support acquisitions, product and technology development, and geographic expansion.

  • aCommerce

    Led · Series B · Nov 2017

    aCommerce is described in the article as a Bangkok-based brand ecommerce enabler. The company announced on Tuesday that it has raised $15 million from Indies Capital Partners. Indies Capital Partners is identified as a Singapore-based investor. The article does not disclose the financing instrument (equity, debt, etc.) or the valuation. No additional investors, prior rounds, operating metrics, or use of proceeds were mentioned in the article. aCommerce is an e-commerce enabler that helps brands execute across multiple channels by providing logistics, fulfillment, delivery and digital marketing services. The company operates in Thailand, Indonesia, the Philippines and Singapore and works with brands including Samsung, Unilever, Nestlé, L’Oreal, Philips and Mars. CEO Paul Srivorakul said aCommerce has shifted from solely digital media to enabling commerce across on- and offline fronts to help brands own their retail footprint and customer data. B2B sales now account for 30% of the startup’s revenue, up from 10% a year earlier. The company raised $65M in a Series B led by KKR-backed Emerald Media and said it will use funds to expand into Vietnam and Malaysia. The Series B takes aCommerce to $94M raised to date. aCommerce operates a suite of services that help e-commerce companies, brands and traditional retailers manage online business operations including inventory, warehousing, logistics, fulfilment and digital marketing. The company is active in Thailand, Indonesia and the Philippines and was founded in 2013 in Bangkok. Management says the business recently saw Indonesia overtake Thailand as its largest revenue generator. aCommerce plans to expand into Malaysia, Vietnam and to re-enter Singapore with partner DKSH. Financially, the company has cash on hand from prior rounds, says it can break even next year with current funds, and raised new capital to grow ahead of a larger Series B. The new funding is intended as a sprint to improve valuation and minimize dilution before a planned Series B in excess of $50 million later this year. aCommerce provides end-to-end e-commerce services for retailers and brands, covering logistics, warehousing, online sales and other commerce-related services. Founded in June 2013 and based in Bangkok, the company works with over 150 clients. Management says the business is beginning to break even in its two largest markets, Indonesia and Thailand, and that overall revenue grew 150% in Q4. The company plans to use its new partnership to expand further in Southeast Asia, specifically into Malaysia, Singapore and Vietnam. aCommerce’s long-term goal is to build a platform that increases efficiency across e-commerce transactions. CEO Paul Srivorakul emphasized the company will remain independent while leveraging the partnership to pursue cross-border and B2B opportunities. aCommerce is a Bangkok-headquartered, NTT Docomo-backed logistics and commerce-fulfillment company that provides backend technology and logistics services to online retailers, including Line. The company supports regional e-commerce operations and has seen particularly strong traction in Indonesia, where its business "has exceeded forecasts." aCommerce reported regional revenue growth of 700–800% over the past year, though raw revenue figures were not disclosed. Management has deferred a previously expected Series B to focus on execution and further value creation over the next eight to nine months. The firm previously raised a $10.7 million Series A in June 2014 and has now received a $5 million capital injection from existing backers. When it does raise the Series B, leadership expects the round to exceed $30 million.

  • Amagi Media Labs

    Led · Series D · Dec 2016

    Founded in 2008, Amagi Media Labs provides cloud-based software that helps broadcasters and streaming platforms manage, distribute, and monetise video across smart TVs, smartphones, and other digital endpoints. The company operates three business lines—cloud modernisation, streaming unification, and monetisation & marketplace—and currently serves more than 45 % of India’s top-50 listed media and entertainment companies by revenue. Amagi booked ₹1,162 crore in revenue from operations in FY25, reflecting a 31 % CAGR between FY23 and FY25, and earned ₹6.40 crore in profit on ₹704.80 crore revenue during the six months ended 30 September 2025. At the upper end of its IPO price band, the firm is valued at over ₹7,800 crore. Management plans to deploy ₹550 crore of fresh capital to bolster technology and cloud infrastructure, pursue inorganic growth via acquisitions, and fund general corporate purposes over FY26-FY28.

  • YUPPTV

    Led · Equity · Oct 2016

    YuppTV is an over-the-top (OTT) video platform focused on South Asian content, offering live TV, catch-up TV and movies on demand across 14 languages. Headquartered in Atlanta, Georgia, the service reaches more than 400 million households and reports over 5 million monthly visitors across 27 integrated devices, with peak monthly traffic of 20 million. Its catalogue includes 250+ South Asian TV channels, 5,000+ movies, 100+ TV shows, roughly 25,000 hours of content, and the company says it adds nearly 5,000 hours of new on-demand content every day. YuppTV operates consumer products including YuppFlix and apps pre-installed on Samsung TVs and available on LG smart TVs and gaming consoles. The company has expanded into India (initially focusing on South India) and has implemented analytics-based real-time recommendations for Live TV to improve content discoverability. YuppTV aims to further expand its global footprint, grow its paid subscriber base, and expand its content library through original productions and acquisitions. YuppTV provides access to 170 live Indian TV channels and delivers content via PC, iPhone, iPad, Android devices, smart TVs, Blu-ray players and gaming consoles. The company targets Indians living in North America, Europe and Australia and operates offices in Atlanta and Hyderabad. Led by CEO Uday Reddy, YuppTV employs around 140 people. In 2013 the company reported revenues of $11M and had been growing over 100% year-on-year for the prior two years. Its platform focus is on broad device distribution to reach diaspora viewers and expand viewership across geographies. The product and distribution footprint suggest a scaling consumer streaming business with established monetization as of 2013.

Team

  • Paul Aiello

    Managing Director, CEO & Co-Founder

    LinkedIn
  • Rajesh Kamat

    Managing Director & Co-Founder

    LinkedIn
  • Mitesh Patel

    Assistant Vice-President of Finance

    LinkedIn
  • Vivek Raicha

    Head of Investment

    LinkedIn