Gaja Capital

Gaja Capital is an India focused private equity firm that invests in mid-market companies in emerging sectors such as Education, Financial Services and Consumer. Gaja Capital’s conviction in India’s future comes from its own experience. Over the past 25 years, firm's team members have backed several of India’s most valuable companies. Gaja Capital's indigenous team brings deep experience and networks in India’s business community. The firm is neither controlled nor owned by another corporation. The team controls the investment committee and is itself one of the largest investors in the Fund. Gaja Capital's empowered team has repeatedly emerged as a pioneer, consistently backing innovative entrepreneurs and businesses. The firm is currently supported by several of the world’s leading investors.
SA

Shubham Agarwal

Senior Associate

MB

Manoj Balan

Senior Director

SB

Srishti Bhageria

Associate

SC

Sushane Chopra

Senior Director

DD

Dheeraj Devata

Senior Principal

GE

Georgina Ewels

Director of Investor Relations

SG

Sridhar Ganesan

Senior Director

JI

Joni Iljazi

Associate Principal

Imran Jafar

Managing Partner

Gopal Jain

Managing Partner

Abhinav Jain

Partner

AJ

Ayush Jain

Associate

KK

Kaustubh Kumar

Senior Associate

KM

Komal Modi

Senior Associate

SS

Sriranjan Seshadri

Operating Partner

HS

Himanshu Shah

Senior Director

Ranjit Shah

Managing Partner

Past deals in Chad

Haldia Coke

Private Equity Round in 2010
Haldia Coke is one of India’s top three metallurgical coke (“met-coke”) producers. The company is part of the Shriram Group based in South India. Haldia Coke currently has an in-house met-coke manufacturing capacity of 0.27 MTPA (million tons per annum). It has also backward integrated into coking coal mines, and owns two mines in the United States. The company is one of three merchant producers of met-coke in India which has a captive raw-material supply to hedge against price volatility, as prices of coking coal are dynamic and is also one of two merchant producers that can produce power as a by-product of the process.

TeamLease Services Limited

Venture Round in 2011
We are one of India's leading providers of human resource services in the organized segment, delivering a broad range of human resource services to various industries, with a vision to Putting India to Work. TeamLease Services - Established in 2002 is now one of India’s leading providers of human resource services and foremost people supply chain company with 8 regional offices and over 1000 full time employees. Our services span the entire supply chain of human resources in India, covering 3 E’s - Employment, Employability and Education. According to CRISIL, we are one of the largest temporary staffing company in India in terms of revenues and no. of associate employees in 2014. The company currently has 99,090 associates across the country and have till date provided employment to approx. 1.12 million people with an aim to hire millions more!
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

Kinara Capital

Private Equity Round in 2021
Kinara Capital provides flexible loans without property collateral to small business entrepreneurs. The company is focused on lending to growing businesses that require funding for working capital, capital assets, and start-up needs. Kinara Capital focuses on industries such as agri-products, handicraft production, water, food, and energy. Kinara Capital provides personalized customer service with a fast turnaround time by blending data-driven insights with a human touch. Led by a women-majority management team, Kinara Capital has impacted over half a million lives in India. Kinara Capital was founded on 2011 and is headquartered in Bangalore, Karnataka, India.

Educational Initiatives Pvt. Ltd.

Private Equity Round in 2018
Educational Initiatives Pvt., Ltd. provides learning assessment services. It offers students assessment exams to judge their learning skills, such as logical reasoning and ability to think independently. The company targets students between classes III and X through partnerships with schools. The company also provides ASSET, an online diagnostic test on English, Maths, Science, Social Studies, and Hindi. In addition, its teacher training offerings include teacher evaluation programmes, academic enrichment programmes, skill based curriculums, assessments, understanding by design, English language, science, Maths, question making, and teacher effectiveness areas. Educational Initiatives Pvt., Ltd. was founded in 2001 and is headquartered in Ahmedabad, India.
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

SportzVillage

Series A in 2015
Over the last 5 years, SportzVillage through its subsidiaries has built an ecosystem of relationships across federations, media, sponsors, associations, brands, schools and sports lovers. SportzVillage has a presence in 5 cities across India and its business includes Sports Marketing & Events, School Sports, Sports Infrastructure Services, New Media in Sports and Sports Ticketing. The company has been promoted by the alumni of IIT/ IIM/ INSEAD with significant work experience across organizations like Wipro, KPMG, HCL, Schlumberger, Philips and IBM, and a strong passion for Sports.

The Ratnakar Bank

Venture Round in 2014
RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs. Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on an aggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last two years, it has infused capital of over र 1,100 Crore from some of the most notable global and domestic names, taking the TIER 1 capital to र 1,600 Crore (approx.) Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The bank currently services over 5 Lakh customers and has a total business size of over Rs. 14,500 Crore. s of August, 2014, RBL Bank has grown to a network of 180 branches and 374 ATMs across 13 Indian states.

Bonanza Online

Private Equity Round in 2019
Bonanza Portfolio Limited operates as a financial services and brokerage company. It offers brokerage services in the areas of equity, indices, and commodity derivatives, as well as provides depository services. The company involves in fixed income products, such as IPO underwritings, mutual fund distribution, and insurance product distribution. It also offers investment and wealth management services, such as portfolio management and advisory, and structured trading product. In addition, the company enables customers to trade online and offline. Bonanza Portfolio Limited was incorporated in 1993 and is based in New Delhi, India. It has branches and additional offices in India.

Kinara Capital

Series C in 2017
Kinara Capital provides flexible loans without property collateral to small business entrepreneurs. The company is focused on lending to growing businesses that require funding for working capital, capital assets, and start-up needs. Kinara Capital focuses on industries such as agri-products, handicraft production, water, food, and energy. Kinara Capital provides personalized customer service with a fast turnaround time by blending data-driven insights with a human touch. Led by a women-majority management team, Kinara Capital has impacted over half a million lives in India. Kinara Capital was founded on 2011 and is headquartered in Bangalore, Karnataka, India.

Bakers Circle

Venture Round in 2015
Bakers Circle is an attractive, yet defensive, way to derive upon the country's F&B (food and beverages) opportunities. Bakers Circle, which pivoted to the B2B model in 2006-07, reported revenue of Rs 63 crore in 2013-14 and expects to post a top-line of between Rs 65-70 crore in the current fiscal.

LeadSquared

Series C in 2022
LeadSquared is a unified lead conversion and marketing automation platform that helps B2B & B2C businesses track, nurture and manage their leads seamlessly. It includes services like sales CRM, mobile CRM, marketing automation, integrations and conversion platform.LeadSquared lets you manage your entire database on its intuitive interface, where you can build your own custom logic. It helps you to increase your closures and manage your pipelines easily. LeadSquared was founded by Nilesh Patel (CEO), Prashant Singh (COO) and Sudhakar Gorti (CPO) in 2013 and is headquartered in Bengaluru, India.

CL Educate Limited

Private Equity Round in 2019
CL Educate Ltd focuses on diverse segments of education, and across learners of multiple age-groups. Led by a team of highly qualified professionals including IIT-IIM alumni, with a passion for excellence in education, CL Educate Ltd has focused on shaping the lives and careers of many students in the twenty years of its existence.

John Distilleries

Private Equity Round in 2019
John Distilleries Pvt Ltd produces and supplies alcoholic beverages. The company offers whisky, brandy, wine, and vodka products.

Avendus Capital Private Limited

Venture Round in 2017
Avendus Capital is a financial services provider with an emphasis on customized solutions in the areas of financial advisory, capital markets, wealth management and alternative asset management to its clients that include institutional investors, corporates and high net worth families. Avendus is headquartered in Mumbai and has offices in Bengaluru (erstwhile Bangalore), Kolkata and Gurgaon, India with Global offices in New York and London.

Kinara Capital

Private Equity Round in 2017
Kinara Capital provides flexible loans without property collateral to small business entrepreneurs. The company is focused on lending to growing businesses that require funding for working capital, capital assets, and start-up needs. Kinara Capital focuses on industries such as agri-products, handicraft production, water, food, and energy. Kinara Capital provides personalized customer service with a fast turnaround time by blending data-driven insights with a human touch. Led by a women-majority management team, Kinara Capital has impacted over half a million lives in India. Kinara Capital was founded on 2011 and is headquartered in Bangalore, Karnataka, India.

Xpressbees

Series E in 2020
Xpressbees is an e-commerce logistics company that provides reliable logistics solutions to its partners. The company offers comprehensive last-mile delivery, reverse logistics, payment collection, drop shipping, vendor management, cross border services, fulfillment services, and tailored software solutions to clients. Xpressbees was founded in 2015 and is headquartered in Pune, India.

LeadSquared

Series B in 2020
LeadSquared is a unified lead conversion and marketing automation platform that helps B2B & B2C businesses track, nurture and manage their leads seamlessly. It includes services like sales CRM, mobile CRM, marketing automation, integrations and conversion platform.LeadSquared lets you manage your entire database on its intuitive interface, where you can build your own custom logic. It helps you to increase your closures and manage your pipelines easily. LeadSquared was founded by Nilesh Patel (CEO), Prashant Singh (COO) and Sudhakar Gorti (CPO) in 2013 and is headquartered in Bengaluru, India.

Carnation Auto

Venture Round in 2017
Carnation Auto India Pvt. Ltd. engages in the retail of automobiles and offers services for tires, batteries, car detailing, accessorizing, CNG and LPG fitment and windshield replacement. The company was founded in 2008 and is based in Noida, India.

Kinedu SAPI de CV

Convertible Note in 2016
Kinedu is an app that provides fun and age-based daily activity ideas to do with your little one. Each activity targets a key developmental area, helping your baby reach every milestone.

Chumbak

Venture Round in 2017
Chumbak, a Bangalore, India-based gifting startup. Founded by Subhra Chadda, Chumbak sells designer t-shirts, tins, coffee mugs shot glasses, mouse pads, iphone cases, bookmarks, posters, and bags, among others.

BAC Acquisition

Private Equity Round in 2020
Navi is building consumer-centric and technology-driven businesses in the BFSI (Banking, Financial Services & Insurance) space.

Chumbak

Series D in 2019
Chumbak, a Bangalore, India-based gifting startup. Founded by Subhra Chadda, Chumbak sells designer t-shirts, tins, coffee mugs shot glasses, mouse pads, iphone cases, bookmarks, posters, and bags, among others.
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

Kinara Capital

Private Equity Round in 2019
Kinara Capital provides flexible loans without property collateral to small business entrepreneurs. The company is focused on lending to growing businesses that require funding for working capital, capital assets, and start-up needs. Kinara Capital focuses on industries such as agri-products, handicraft production, water, food, and energy. Kinara Capital provides personalized customer service with a fast turnaround time by blending data-driven insights with a human touch. Led by a women-majority management team, Kinara Capital has impacted over half a million lives in India. Kinara Capital was founded on 2011 and is headquartered in Bangalore, Karnataka, India.

Massive Restaurants Pvt. Ltd.

Venture Round in 2017
Regarded as ‘the Prince of Indian cuisine’, Zorawar Kalra, after the successful exit from his maiden venture credited with introducing one of the most awarded regional cuisine restaurant concepts in India, launched Massive Restaurants Pvt. Ltd. in December 2012. Massive Restaurants, spearheaded by Mr. Kalra and mentored by his illustrious father & Czar of Indian Cuisine - Jiggs Kalra, was established with an aim to develop India’s premier brands of restaurants that specialize in targeting all segments of the market, while showcasing the evolution of Indian cuisine and putting Indian food on the global palate permanently.

EuroKids International Pvt. Ltd.

Corporate Round in 2018
EuroKids International is the companies in the education space in India which has its presence in the pre-schooling, K-12 sector and online learning domain. EuroKids pre-schools is one of the leading pre-schools in India, specializing in early childhood education and pre-school programs.
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

Avendus Capital Private Limited

Private Equity Round in 2017
Avendus Capital is a financial services provider with an emphasis on customized solutions in the areas of financial advisory, capital markets, wealth management and alternative asset management to its clients that include institutional investors, corporates and high net worth families. Avendus is headquartered in Mumbai and has offices in Bengaluru (erstwhile Bangalore), Kolkata and Gurgaon, India with Global offices in New York and London.

Good Parents Inc.

Seed Round in 2016
Good Parents Inc. develops wearable tracking health and wellness metrics for kids. It offers wearable devices that enable users to monitor their child’s emotional health; track their child’s number of steps, heart rate, and sweat levels; calculate their child’s caloric intake; track the amount of sleep their child gets; and track their child’s growth. The company was founded in 2015 and is based in San Francisco, California.