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Growth Equity

Gaja Capital

Gaja Capital takes minority stakes in growing companies, usually without full control, from Mumbai, India. It states a focus on software & internet, healthcare & life sciences and financial services.

Disclosed holdings12
Earliest stated investment
HeadquartersMumbai, India
Largest single fundNot stated

Stated investment criteria

What Gaja Capital says it buys

Read from Gaja Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Founded19992
People listed on its team page211

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Gaja Capital to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Gaja Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised1 · $41m gross
SEC adviser numberCRD 316417

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Gaja Capital lists on its own website. No investment years are published. 2 have a recorded transaction against them in the deal archive.

CompanyInvestedYears heldRecorded transaction
Amber
Avendus$115m 2015
Bakers Circle
Educational Initiatives
EuroKids
Kinara$307m 2025
Massive
RBL Bank
Signzy
SportzVillage
Suryoday
Xpressbees

Compiled from Gaja Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in software & internet.