Private equity firm Gaja Capital has invested INR 30 crore in small finance bank licensee Suryoday Micro Finance, marking its third investment from its latest fund. The transaction follows investments made by the Mumbai-headquartered mid-market investor in frozen bakery and confectionery producer and supplier Bakers Circle, and in sports and fitness education venture SportzVillage, from its third fund – $240 million Gaja III


Mobile payments firm Paytm announced that Mountain Capital will make an investment in the company, which will allow the consumer brand of One97 Communications to accelerate and a develop vibrant mobile ecosystem. The funding will be utilized for expansion and scaling up, boosting payments and commerce and building and launching the proposed Paytm Payments Bank.


Pune hospitality firm Delta Corp Ltd will acquire Gaussian Networks Pvt Ltd, which operates online poker site adda52 in a cash and stock deal that values the three-year-old startup at around Rs 182 crore ($27 million). Post the first leg of the transaction, which is expected to be completed by June 30, 2017, Gaussian Networks shall be merged with Delta Corp. Delta Corp shall not create any treasury stock but will issue its own shares to equity holders of Gaussian.


Artificial intelligence start-up Mad Street Den Systems Pvt Ltd has raised an undisclosed amount in a Series A funding round from Sequoia Capital and its existing investors Exfinity Venture Partners LLP and GrowX Venture Management Pvt Ltd. The funding will be utilized to expand further into global markets. The company aims at strengthening its personalisation platform to improve its understanding of style preferences of consumers, which will in turn help brands.