Argus Partners

Argus Partners Law Firm Argus Partners is a leading law firm in India with a diverse practice portfolio. Argus denotes vigilance and observance.

At Argus Partners we believe in keeping a watchful eye on the needs of our client and on the developments in the business of our client. The expertise of our team straddles across all our practice areas, including general corporate advisory, cross border mergers and acquisitions and private equity, banking and finance, projects and project finance, competition, real estate, litigation, dispute res

olution and technology & data privacy. With offices in Mumbai, Delhi, Kolkata, and Bangalore, the Firm has built a formidable reputation for its work and has been acknowledged and appreciated by its clients and peers for providing quality services.

Our Partner, Arka Majumdar, shared his insights with Mint on the Jaiprakash Associates insolvency case, which may redefi...
28/04/2026

Our Partner, Arka Majumdar, shared his insights with Mint on the Jaiprakash Associates insolvency case, which may redefine the contours of the "commercial wisdom" doctrine under India's insolvency framework.

He highlighted that any shift in processes and rules would likely be incremental, with lenders potentially being required to demonstrate greater transparency in their bid evaluation and document their reasoning when opting for a lower-value plan over a higher offer.

Arka noted, "Any change in the processes and rules would be gradual. Lenders may need to be more transparent about how they assess bids and record reasons when rejecting higher offers.

Read more at: https://www.livemint.com/companies/vedanta-vs-adani-jaiprakash-case-may-test-limits-commercial-wisdom-jal-insolvency-11776672242787.html

We are pleased to share that our Partner, Bhavya Mohan, will be moderating an Oxford-style debate on the motion “This Ho...
20/04/2026

We are pleased to share that our Partner, Bhavya Mohan, will be moderating an Oxford-style debate on the motion “This House Believes That the Use of AI in International Arbitration Will Do More Harm Than Good” at the Singapore International Arbitration Centre (SIAC) Bengaluru Conference 2026 on April 24, 2026, at The Oberoi, Bengaluru.

Argus Partners is pleased to announce that it has advised Valuedrive Technologies Private Limited (“Spinny”) across mult...
20/04/2026

Argus Partners is pleased to announce that it has advised Valuedrive Technologies Private Limited (“Spinny”) across multiple fundraises, including its Series F fundraise of approximately USD 170 million and its Series G fundraise of approximately USD 170 million.

The Series F round was led by Accel Leaders Fund and WestBridge, with participation from Elevation Capital, Think Investments, and Tiger Global. The Series G round was led by Fidelity Management & Research Company LLC (FMR) and Accel Leaders Fund. Both fundraising rounds were structured as a combination of primary and secondary transactions.

Spinny is a leading full-stack used car platform and was recently ranked #1 in India’s Fastest-Growing Companies 2026 by TIME and Statista. The company has continued to expand its platform, including through the establishment of its non-banking financial arm, Spinny Capital Private Limited, and investments in media space by way of acquisition of Haymarket SAC and its flagship automotive titles ‘Autocar India’, ‘Autocar Professional’, and ‘What Car’. The Company also acquired GoMechanic and entered the after-sales maintenance space.

Argus Partners has also advised Spinny on its acquisition of Haymarket SAC and the acquisition of GoMechanic, as well as on various business structuring and regulatory matters, reflecting a longstanding and multifaceted relationship with the company.

The deal team at Argus Partners was led by Anindya Ghosh and Jaidrath Zaveri (Partners), with support from Aradhana Pandit (Associate). Adity Chaudhury (Partner) advised on antitrust aspects in relation to the fundraises. Siddharth Malakar (Principal Associate), Shubham Tiwary and Nivrithi Kumar (Associates) also assisted on select aspects of the broader mandate.

Read more at: https://www.barandbench.com/dealstreet/argus-partners-advises-spinny-on-raising-340-million-across-fundraises

Argus Partners is pleased to announce that it has advised health and wellness platform, cult fit (Curefit Healthcare Pri...
16/04/2026

Argus Partners is pleased to announce that it has advised health and wellness platform, cult fit (Curefit Healthcare Private Limited), on its Series G fundraise of approximately INR 440 crore from Temasek, through its investment arm, MacRitchie. This transaction is significant as a late-stage investment in one of India’s leading integrated health and fitness platforms, reflecting continued institutional investor confidence in the consumer wellness and fitness sector.

The team at Argus Partners advising Cult.fit consisted of Ashwin Krishnan (Partner) and Shivali Srivastava (Associate). Anindya Ghosh (Partner) provided strategic inputs on the transaction.

Read more at: https://www.barandbench.com/dealstreet/argus-partners-acts-on-cultfit-440-crore-series-g-fundraise

Balancing long work days, early mornings, and tougher workouts, our Partner, Abhinav Bhalaik showed up to complete HYROX...
15/04/2026

Balancing long work days, early mornings, and tougher workouts, our Partner, Abhinav Bhalaik showed up to complete HYROX Bengaluru, April 2026 (1 hr 46 min, mixed doubles).

From work to sport - he continues to balance discipline and his competitive spirit. A simple reminder that progress first comes from showing up.

Our Partner, Arka Majumdar, shared his insights with Mint on the Supreme Court’s re-examination of the decades-old defin...
08/04/2026

Our Partner, Arka Majumdar, shared his insights with Mint on the Supreme Court’s re-examination of the decades-old definition of “industry”, a development that could have significant implications for India’s labour law framework.

He highlighted that the legislature may need to revisit its definitional framework, potentially aligning it with the broader ‘establishment’-based approach adopted by the three other labour codes, or introduce a revised statutory definition that addresses the Court’s concerns while preserving adequate worker coverage.

Arka noted, “In sum, while the Court's reconsideration may not disrupt the broader labour reform agenda in its entirety, it has the potential to create a meaningful fault line within the new code structure – one that employers, policymakers and labour practitioners will need to navigate carefully.”

Read more at: https://www.livemint.com/industry/supreme-court-industry-definition-labour-laws-india-worker-rights-labour-code-employer-compliance-labour-dispute-11773641801547.html

We are pleased to announce that Argus Partners advised India Resurgence Fund (IndiaRF) on the proposed sale of its entir...
07/04/2026

We are pleased to announce that Argus Partners advised India Resurgence Fund (IndiaRF) on the proposed sale of its entire stake in Setco Auto Systems Private Limited (“SASPL”), a subsidiary of Setco Automotive Limited to RSB Transmissions (I) Limited, a Pune-based transmission manufacturer.

The team at Argus Partners advising IndiaRF consisted of Adity Chaudhury, Aastha .and Arka Majumdar (Partners), Palada Dharma Teja, Anika Sharma, Dharani Maddula and Suvanwesh Das (Associates) and Umang Pathak (Senior Associate).

It gives us immense pride to celebrate the achievements and progress of our associates. Congratulations on your well-des...
31/03/2026

It gives us immense pride to celebrate the achievements and progress of our associates. Congratulations on your well-deserved promotions, and our best wishes as you step into your new roles!

We are pleased to announce that Soorjya Ganguli has been designated as Senior Partner, Jitendra Soni has been elevated t...
31/03/2026

We are pleased to announce that Soorjya Ganguli has been designated as Senior Partner, Jitendra Soni has been elevated to the Firm’s Equity Partnership, and Jaidrath Zaveri has been promoted to Salaried Partner, with effect from April 1, 2026.

We are confident that their continued contributions will further strengthen the Firm and the value we provide to our clients.

Heartiest congratulations on this achievement.

Argus Partners is pleased to announce that it has acted as legal advisor to Moving Tech Innovations Private Limited (“Mo...
30/03/2026

Argus Partners is pleased to announce that it has acted as legal advisor to Moving Tech Innovations Private Limited (“Moving Tech”), the Bengaluru-based mobility technology company behind some of India's most widely used ride-hailing and public transport platforms (such as Namma Yatri, Yatri Sathi, Odisha Yatri, Chennai One and Bharat Taxi) in connection with its acquisition of Automicle Holding BV, a company incorporated and headquartered in the Netherlands.

This transaction represents a significant milestone in Moving Tech's growth trajectory, marking the company's first international acquisition and its strategic entry into the European urban mobility landscape. Through this acquisition, Moving Tech aims to extend its distinctive zero-commission, community-led mobility model, one that has fundamentally reimagined the relationship between drivers, riders, and technology platforms across Indian cities, to European markets.

Moving Tech's platforms have been widely recognised for prioritising driver welfare and operational transparency by eliminating the commission-based structures that characterise conventional ride-hailing services. The company now seeks to bring this philosophy to bear in European cities through Automicle Holding BV.

The team at Argus Partners advising Moving Tech consisted of Anantha Krishnan (Partner) and Shubham Tiwary (Associate).

Read more at: https://www.barandbench.com/dealstreet/argus-partners-advises-moving-tech-on-acquisition-of-netherlands-automicle-holding

Argus Partners is pleased to announce that it has advised Philips India on the sale of its emergency care business in In...
24/03/2026

Argus Partners is pleased to announce that it has advised Philips India on the sale of its emergency care business in India.

This transaction forms part of a broader global deal in which Philips' emergency care business was acquired by Emergency Care Holdings (ECH), a platform backed by Bridgefield Capital. Following the acquisition, the business will operate as Heartstream, continuing to manufacture and market emergency care products under a long-term Philips brand licensing agreement.

Heartstream is a global emergency care company with nearly four decades of leadership in emergency medicine technology. The acquisition marks the launch of Emergency Care Holdings' global platform strategy, aimed at building a leading portfolio of emergency medical technology companies serving the pre-hospital care market.

The team at Argus Partners advising Philips India consisted of Adity Chaudhury, Arka Majumdar (Partners) and Anika Sharma (Associate).

Read more at:
https://www.barandbench.com/dealstreet/argus-partners-advises-philips-india-on-sale-of-its-emergency-care-business

Argus Partners is pleased to announce that it has advised Moving Tech Innovations Private Limited (Namma Yatri) on its c...
13/03/2026

Argus Partners is pleased to announce that it has advised Moving Tech Innovations Private Limited (Namma Yatri) on its convertible bridge fundraise from several investors, including Blume Ventures and Antler.

Moving Tech has raised INR 39.75 crore in this round, led by Juspay founder Vimal Kumar, with participation from Blume Ventures, Antler, Navin Dalmia, Plutus Investment Trust, Phi Investment Partners, and a group of angel investors.

This fundraise follows Moving Tech's USD 11 million raise from Blume Ventures, Antler, and Google in July 2024.

Moving Tech is a Bengaluru-based mobility technology company building digital platforms that help cities run fair, affordable, and reliable transport systems. The company develops and operates mobility applications that connect drivers, passengers, and public transport networks. Its flagship platform Namma Yatri began in Bengaluru and has grown into a widely used driver-first ride-hailing service. Moving Tech also powers large public mobility initiatives such as Bharat Taxi, as well as city and state platforms including Yatri Sathi (West Bengal), Kerala Savaari, Odisha Yatri, and Chennai One, which integrates multiple transport modes in a single app. Through partnerships with governments, transport authorities, and driver communities, Moving Tech aims to make urban mobility more accessible while improving livelihoods for drivers across India.

The team at Argus Partners advising Namma Yatri consisted of Anantha Krishnan (Partner) and Khushi Bhardwaj (Associate).

Read more at: https://www.barandbench.com/dealstreet/argus-partners-advises-moving-tech-on-convertible-bridge-fundraise

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