# Gaja Capital: portfolio, investments and team

> Gaja Capital is a private equity based in India. 7 investments on record, 2 in the last 12 months, latest Nov 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/gaja-capital (Millionrounds; every figure on the page links to its filing or article)

India · [Investor](https://millionrounds.com/investors)

# Gaja Capital

Last cheque observed Nov 2026; 7 cheques on record.

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Private equity Deploying now Last fund $7.0M, Oct 2022

Seed Series A Series B Consumer Learning Management System Lms

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 7 on record

Since the last cheque **0** days **00** hrs **00** min **00** sec

Median round **$16M** Rounds led **2 of 7** Sole investor **2 rounds** Mostly in **India, 100%**

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## Gaja Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Venture: 80% of its rounds
- 03 Sole investor in 2 rounds, median $10M

## What they do

> Gaja Capital is among leading private equity firms in Mumbai, trusted by institutional investors in India to drive long-term value creation. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Consumer Learning Management System Lms
- **Based in:** Mumbai, India
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **7 appearances**

- **2026** 2 rounds
- **Nov** **[Ripik.ai](https://millionrounds.com/company/ripik-ai)** IN · The Economic Times: startups **Undisclosed** *Led*
- **Sept** **[QNu Labs](https://millionrounds.com/company/qnu-labs)** Series A · IN · Inc42 **$21M** With 4 others
- **2019** 1 round
- **May** **[Chumbak](https://millionrounds.com/company/chumbak)** Series D · IN · DealStreetAsia **$10M** *Led*
- **2015** 2 rounds
- **Oct** **[SportzVillage](https://millionrounds.com/company/sportzvillage)** Series A · IN **$10M** Sole investor
- **Feb** **[Bakers Circle](https://millionrounds.com/company/bakers-circle)** Venture · IN **$9.6M** With 1 other
- **2014** 1 round
- **Apr** **[The Ratnakar Bank](https://millionrounds.com/company/the-ratnakar-bank)** **$5.5M** With 3 others
- **2011** 1 round
- **Apr** **[TeamLease Services](https://millionrounds.com/company/teamlease-services)** Venture · IN · business-standard.com **$23M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **15 named**

AJ **Abhinav Jain** Partner i Form ADV

AG **Arshad Goodur** Director i Form ADV

AR **Ashraf Ramtoola** Director i Filing they signed

BN **Bashir Nabeebokus** Director i Filing they signed

DC **Deven Coopoosamy** Director i Filing they signed

GJ **Gopal Jain** Director i Form ADV

HS **Husayn Sassa** Director i Form ADV

IJ **Imran Jafar** Director i Form ADV

KH **Kishen Hurhinidee** Chief Compliance Officer i Form ADV

RJ **Ranjit Jayant Shah** Director i Form ADV

RC **Riaz Currimjee** Director i Form ADV

RR **Romesh Raja Rai** Director i Filing they signed

RB **Rooksana Bibi Shahabally** Director i Filing they signed

SB **Sourabh Banerji** Director i Form ADV

SJ **Sudesh Jain** Director i Form ADV

We also hold **25** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$364M** gross assets of its funds, 2 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** GAJA Advisors LTD
- **SEC number:** CRD 316417

Latest fund on file

**$7.0M**

raised in Oct 2022

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Series A Series B

Median round joined **$16M** the round, not its cheque Alone, median **$10M**

Led 2 of 7 rounds **29%**

- **Sole investor:** 2 rounds
- **Last cheque:** Nov 2026

Rounds by stage said on their site

- Series A said *2*
- Venture *2*
- Series D *1*
- Seed said *-*
- Series B said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Gaja Capital put money into.

[**Ripik.ai** Nov 2026](https://millionrounds.com/company/ripik-ai)[**QNu Labs** $21M · Sept 2026](https://millionrounds.com/company/qnu-labs)[**Chumbak** $10M · May 2019](https://millionrounds.com/company/chumbak)

## Quick answers about Gaja Capital

### What does Gaja Capital invest in?

Gaja Capital invests most often at Series A and Venture (80% of the rounds on record), in sectors such as Consumer, Learning Management System and Lms.

### How active is Gaja Capital?

7 investments on record, 2 of them in the last 12 months, and it led 2. The most recent was in Nov 2026.

### What has Gaja Capital invested in recently?

Its most recent investments on record: Ripik.ai (Nov 2026), QNu Labs (Series A, Sept 2026) and Chumbak (Series D, May 2019).

### How big are Gaja Capital's cheques?

The median round it joins is $16M.

### Does Gaja Capital lead rounds?

Yes: it led 2 of its 7 investments on record (29%).

### Where does Gaja Capital invest?

Most of the companies it backs are in India (100%).

### Is Gaja Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### What kind of investor is Gaja Capital?

Gaja Capital is a private equity firm based in Mumbai, India.

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