Argus Partners

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 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