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Sanjay Khan Nagra

Sanjay Khan Nagra

, Bengaluru

Partner | Private Equity, Mergers and Acquisitions, Technology, Media and Telecom


  • B.A. LL.B. (Hons.), Gujarat National Law University (2011)

Sanjay is a Partner in the Venture Capital, Tech M&A, and Fintech practice groups. Being in practice for more than 13 years, Sanjay takes keen interest in emerging technology sectors including Fintech, payments, blockchain, eCommerce, SaaS, AI, and other consumer internet / ITeS sectors, and frequently advises marquee tech companies, founders, venture capital funds, and other financial sponsors in these areas.  

Sanjay is also a core volunteer at India’s premier and one of its kind think-and-do-tank – iSPIRT, where he closely works with the industry and governmental agencies such as the RBI, the SEBI, the Prime Minister’s Office, etc to bring about various impactful policy changes benefitting tech and startup ecosystem in the country (such as the Citizen Stack (India’s Digital Public Infrastructure), Startup India programme, etc).

Sanjay has been named by Asian Legal Business in its first ever list of Super 50 TMT/Fintech Lawyers in Asia, by IFLR-1000 as a notable practitioner for three consecutive years, and RSG India as a client recommended lawyer for his corporate, M&A, venture capital, and technology practices, and he is frequently quoted and interviewed by media on the above matters.

Professional Affiliations

  • Bar Council of Maharashtra & Goa
  • Core Volunteer and Member of Donor Council, iSPIRT (Indian Software Product Industry RoundTable)
  • International Bar Association (IBA), London
  • Digital Lenders Association of India (DLAI) – Member Policy Committee

Representative Matters

Sanjay Khan Nagra has represented and advised the following clients

Flipkart Group

Advised Flipkart Group (including PhonePe) on its acquisition by Walmart in India's largest ever Tech M&A transaction.

Bessemer Venture Partners

Advised on: (a) divestment of its stake in Nephroplus, Snapdeal.com and HFFC; and (b) investments in Cashify.in, Lentra AI, MoveinSync, PharmEasy, Entropik, Travel Triangle, Hungama.com, etc.

WestBridge Capital

Advised on its investments in Rapido, Skit.AI, Way2News, and Keka Technologies.

Premji Invest

Advised on its investments in Mintifi, Binocs, and Orocorp.

3State Ventures and Binny Bansal

3State Ventures, Binny Bansal, and his affiliates on investments and divestments in various tech companies including Flipkart, PhonePe, Acko, Grey Orange, CureFit, EatFit, Scapia, SuperK, Hike, Pandorum, Orocorp, BrightChamps, Bharat Agri, Binocs, etc;

Perfios Group


  • Perfios Software on Series D fundraise from Kedaara Capital and Ontario Teachers' Pension Plan
  • Perfios Software on acquisition of Karza Technologies
  • Perfios Account Aggregator on investment by HDFC, SBI, ICICI, and Bajaj Finserv
  • The Group on various Fintech and other regulatory matters 
Fintech Regulatory

Perfios, Flipkart, PhonePe, NIUM, KreditBee, CoinDCX, Slice, MobiKwik, Uber, Booking.com, Worldline Ingenico, IIFL, etc on various fintech and regulatory matters.

Tech M&A

Infosys-Danske Bank, Pramati-Accenture, HashedIn-Deloitte, PayPal-Simility, Cigital-iViZ, Flipkart-Walmart, Perfios-Karza, Addepar-Hexaview, Infosys-In-tech, etc. 

Venture Capital

BVP, WestBridge, Premji Invest, 3State Ventures, TPG NewQuest, DST Global, Sequoia Capital, Think Investments, Baring Private Equity, Lightbox Ventures, SIG, State Bank of India, etc. 


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