We are pleased to inform that Argus Partners has advised SaaS buying and management platform, Spendflo and its promoters, on their Series A fundraise of USD 11 million led by Naspers Ventures (Prosus), with participation from Accel, Together Fund and certain other angel investors.

Spendflo, which serves customers across North America, Europe, Asia Pacific and the Middle East, helps fast-growing businesses buy, manage and secure SaaS through its all-in-one platform. Spendflo intends to utilize the current funding for product growth and global expansion with greater focus on the North American market.

The transaction involved unique challenges from a US and Indian legal and regulatory perspective, including relating foreign exchange regulatory matters and matters of US law.

The transaction team consisted of Abhinav Bhalaik, Armaan Patkar (Partners), Mayank Jhunjhunwala (Principal Associate) and Ishita Agarwal, Aakshay Amesur (Associates).

Read more at: Inc42, Economic TImes, The Hindu Business Line

April 10, 2023

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