Argus Partners

Corporate and M&A, Private Equity & Venture Capital

Partner

Anindya is distinguished corporate law advisor with over 17 years of experience. He has established himself as a trusted advisor to some of India's most dynamic businesses and global investors. His comprehensive corporate practice encompasses the full spectrum of business transactions and advisory work - from day-to-day operational matters to complex cross-border deals.

At the intersection of business and law, Anindya brings unparalleled expertise in structuring complex corporate arrangements and navigating regulatory frameworks. His advisory work regularly includes corporate restructuring, business reorganizations, advising on shareholders’ issues and regulatory matters involving the Companies Act, SEBI regulations, foreign exchange laws, and competition laws. He has been instrumental in shepherding numerous high-stakes transactions, including multiple unicorn funding rounds, cross-border acquisitions, and innovative joint ventures. His strategic counsel has proven particularly valuable to both emerging companies charting their growth trajectories and established corporations expanding their market presence.

Anindya's corporate advisory practice spans an impressive spectrum of industries, demonstrating exceptional versatility across financial technology, digital commerce, healthcare, life sciences, manufacturing, automotive, technology, innovation, financial services, agriculture, food services, consumer products, and retail. This comprehensive exposure across sectors positions him uniquely to deliver nuanced, industry-specific solutions.

His client roster includes leading private equity and venture capital funds, multinational corporations, high-growth startups, and established Indian businesses. Anindya's commitment to delivering practical, business-oriented solutions has made him a go-to advisor for clients navigating complex corporate challenges in India's dynamic business landscape.

Anindya has authored several articles. His article on ‘Product Liability Law in India: An Evolution’ has been made part of curriculum under Law of Torts for HNLU, Raipur.

Select Professional Experience

Advised Accel Leaders Fund on its Series J investment in online food delivery platform, Swiggy along with other investors (US$ 1.25 billion), which was one of the largest funding in the food delivery business.

Advised Accel India and Avataar Growth on investment in a software-as-a-service company, Amagi. The company raised over US$ 100 million through investment from Accel, Avataar Ventures, Norwest Venture Partners, and existing investor Premji Invest as part of the investment. The venture funds bought the stake held by KKR’s Emerald Media and Mayfield Fund.

Advised CureFit Private Limited (Curefit), offering fitness and well-being products and services, on several rounds of investments into the Company from various investors including US$ 100 million fund raise led by Temasek Holdings, US$ 75 million fund raise from Tata Digital and US$ 150 million fund raise led by Zomato, which turned the Company into a unicorn.

Advised Delightful Gourmet Private Limited (Licious), India’s first direct to consumer unicorn which sells meat and seafood products, on several rounds of investments into the company from various investors including a round of US$ 192 million led by Temasek Holdings and Multiples, and a round of US$ 52 million led by IIFL which made the Company the first D2C unicorn of India.

Advised Juspay, payment solutions provider, on several rounds of fund raise from Softbank, Vostok Emerging Fund, WellingTon Management and others.

Advised Hella Infra.Market Private Limited, offering business-to-business procurement for real estate and construction materials, on several the rounds of investments into the company from various investors including a round of $ 100 million which made the company into a unicorn - this deal was also recognised by India Business Law Journal (IBLJ) as one of the deals of the year in 2021.

Advised Mahindra Partners on investment of around ₹ 206.5 crore in specialty eye care chain New Delhi Centre for Sight. The transaction also included providing Matrix Partners complete exit from its investment in the company by way of secondary purchase by Mahindra Partners.

Advised ValueDrive Technologies (Spinny.com), an online marketplace for used vehicles on several fund raises from various investors in multiple rounds of investments into the company including US$ 65 million fund raise by the Company followed by US$ 100 million fund raise, and a round of US$ 283 million round led by ADQ and Tiger Global which made the company a unicorn.

Advised Cultfit Healthcare Private Limited (Cultfit), offering fitness and well-being products and services, on acquisition of 100 percent stake in Fitness First India Private Limited from its shareholder Fitness First Luxembourg, in exchange of shares in Cultfit Healthcare Private Limited.

Advised Elara Technologies Pte. Ltd. (Proptiger.com) on acquisition of majority stake in Locon Solutions Pvt Ltd (Housing.com), in exchange of its stocks. Also advised Elara Technologies Pte. Ltd., as a part of the transaction, in raising over US$ 55 million in fresh funds from REA Group and SoftBank.

Advised National Thermal Power Corporation (NTPC) on 50:50 joint venture with Bangladesh Power Development Board (BPDB) for the development of a coal-based thermal power plant in Khulna, Bangladesh, at a value of around US$ 1.5 billion.

Advised Qwikcilver Solutions Pvt. Ltd. on 100 percent share sale to Pine Labs Private Limited (Pine Labs). This acquisition brought together the strengths of Pine Labs’ merchant- focused and Qwikcilver’s brand-focused software-as-a-service (SaaS) technology platforms, to augment their Indian and international market reach.

Advised Robosoft Technologies, a provider of digital transformation solutions, and its shareholders on 100 percent share sale to Technopro Holdings Inc.

Advised Sahara India Pariwar on acquisition of Ensearch Petroleum Pvt. Ltd., an Indian entity engaged in the business of petroleum exploration through its subsidiaries in several jurisdiction like Australia, Georgia, India, Jordan and Nigeria.

Advised Sequoia Capital on exit from Vini Cosmetics Private Limited by way of 100 percent transfer of its shares to Cosmos Asia Holding Pte. Ltd. The investment by KKR is the largest PE led buyout of a consumer goods company in India and ranks among the top M&A deals in the consumer sector. This deal was also recognised by India Business Law Journal (IBLJ) as one of the deals of the year in 2021.

Advised shareholders and promoters of Reverie Language Technologies on their share sale to Reliance Industries.

Advised Sociofy Enterprise Private Limited (Glow Road) in relation to its acquisition by Amazon.

Advised Supermarket Grocery Supplies Pvt Ltd (BigBasket) on acquisition of multiple entities and businesses namely 'RainCan', 'MorningCart' and 'Kwik 24' in order to launch their BB Daily operations.

Advised Urban Ladder Home Décor Solutions Pvt Ltd (UrbanLadder) on sale of shares to Reliance Industries.

Advised Valuedrive Technologies Private Limited (Spinny) on acquisition of Quixote Automotive Technologies Private Limited (Scouto) and Truebil (used car marketplace).

Bar Council of Delhi.

Member, Inter-Pacific Bar Association.