India

Argus Partners is pleased to announce that it has advised Valuedrive Technologies Private Limited (Spinny) on its acquisition of a 100% stake in Service Easy Technology Private Limited (GoMechanic) from its founders, and the investor groups of Stride Ventures Debt Fund II, Lifelong India Private Limited, and Hero Enterprise Partner Ventures. Spinny is a leading full-stack used car platform which has been ranked #1 in India's Fastest-Growing Companies 2026 by TIME and Statista. GoMechanic provides aggregation of automobile repair and maintenance services through third-party garage service providers, and sourcing and distribution of automobile spare parts and accessories on a B2B basis. This acquisition enables Spinny to enter the after-sales maintenance space and expand its consumer services portfolio. The deal team at Argus Partners consisted of Anindya Ghosh (Partner), Jaidrath Zaveri (Principal Associate), Aradhana Pandit (Associate) and Nivrithi Kumar (Associate), and Shubham Tiwary (Associate) also assisted the team for the due diligence exercise.

Argus Partners is pleased to announce that it has advised Accel on its Series F investment in Bounce (WickedRide Adventure Services Private Limited), a full-stack B2B electric vehicle rental platform focused on last-mile delivery for India's gig economy. Bounce has raised INR 36 Crore in this round, from its existing investors B Capital, and Accel. Founded in 2014 by Vivekananda Hallekere, Anil G., and Varun Agni, Bounce began as a bike rental platform before pivoting to electric scooter manufacturing following its acquisition of 22Motors in 2021. The fresh capital will be used to support Bounce in its next growth phase, to scale EV infrastructure for India’s gig economy, focused on last-mile delivery. The team at Argus Partners advising Accel consisted of Anantha Krishnan Iyer (Partner), Shubham Tiwary and Nivrithi Kumar (Associates). Read more at: Inc42.

We are pleased to announce that Argus Partners has advised Accel, Blume Ventures and Kae Capital on their investment in Bengaluru-based wealthtech startup, PowerUp Money, as part of its USD 7.2 million Series Seed and USD 12 million Series A funding round. The Series A round was led by PeakXV Ventures and also saw participation from existing investors 8i Ventures and DevC, alongside Accel, Blume Ventures and Kae Capital. The transaction marks a key growth milestone for PowerUp Money as it continues to scale its technology-driven wealth management platform in India’s rapidly expanding fintech ecosystem. PowerUp Money intends to utilise the fresh capital to strengthen its research and advisory capabilities, expand its subscription offering, PowerUp Elite, and launch a fully managed advisory product, PowerUp Infinite. The company also plans to invest in investor education and financial literacy initiatives to broaden access to informed wealth creation tools across India. The team at Argus Partners advising Accel, Blume Ventures and Kae Capital  consisted of Ashwin Krishnan (Partner), Siddharth Malakar (Senior Associate) and Rashika Wadhawan (Associate). Read more at: Business Standard, MoneyControl, YourStory.

We are pleased to announce that Argus Partners advised Singapore-based Jungle Ventures on its investment in Escape Plan, a travel products-focused retail platform. Escape Plan has raised a cumulative USD 25 million as part of its Series A fundraising. The funding round also saw participation from Fireside Ventures and IndiGo Ventures, the corporate venture capital arm of IndiGo Airlines. The fresh capital will be used to strengthen Escape Plan’s brand, pricing, and distribution across India and select international markets. The company also plans to deepen its omni-channel presence across metro and other cities, while investing in technology and product innovation to strengthen control across its value chain. The team at Argus Partners advising Jungle Ventures consisted of Abhinav Bhalaik, Vallishree Chandra (Partners), and Srishti Sneha (Associate). Read more at: Economic Times, CNBC-TV18, MoneyControl, BusinessLine, YourStory.