What stage does Gaja Capital invest at?

Gaja Capital invests at the Growth and Late stage stages.

Where is Gaja Capital based?

Gaja Capital is headquartered in Mumbai.

Does Gaja Capital invest in women founders?

Gaja Capital is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.

Growth equity · Growth–Late stage · Mumbai

Gaja Capital

Verified by Women Can Startup

Visit website ↗LinkedIn ↗

Snapshot

Firm type: Growth equity
Founded: 2004
Headquarters: Mumbai
Fund / AUM: Over $500M AUM (reported)
Geographies: India
Leads rounds: Yes
Last updated: 23 July 2026

About Gaja Capital

A Mumbai-based mid-market private equity firm focused exclusively on India, backing established, profitable businesses in education, financial services, consumer and software with growth and buyout capital.

Gaja Capital is a growth equity based in Mumbai, founded in 2004, investing in India. It backs companies at the Growth and Late stage stages, with a focus on Education, Financial services, Consumer, Healthcare and Software. It usually leads the rounds it joins.

On fund size, the firm reports Over $500M AUM (reported). Its portfolio includes RBL Bank, TeamLease Services, EuroKids International and John Distilleries.

Investment focus

Stages

Growth Late stage

Sectors

Education Financial services Consumer Healthcare Software

Notable investments

4 of Gaja Capital’s better-known bets, grouped by sector. Names in coral open the company’s profile or founder story on this site.

Financial services

RBL Bank

Staffing & HR

TeamLease Services

Education

EuroKids International

Beverages

John Distilleries

How to pitch Gaja Capital

Practical pointers drawn from what Gaja Capital says it backs. Always confirm the current focus and process with the firm before you reach out.

They invest at Growth and Late stage. Approach them when your company is already scaling with strong metrics, through to companies at significant scale.
Their focus is Education, Financial services, Consumer, Healthcare and Software, so lead with why you fit there.
The strongest way in is a warm introduction, ideally from a founder they have backed, such as RBL Bank, TeamLease Services and EuroKids International.
You can find the team and their current focus on their website, linked below.

Partners

Gopal Jain

Co-founder, Managing Director & CEO

Ranjit Shah

Co-founder, Executive Vice-Chairman

Imran Jafar

Executive Director

Website & links

Website ↗LinkedIn ↗

Frequently asked questions

What stage does Gaja Capital invest at?: Gaja Capital invests at the Growth and Late stage stages.
What sectors does Gaja Capital invest in?: Gaja Capital focuses on Education, Financial services, Consumer, Healthcare and Software.
Which companies has Gaja Capital invested in?: Notable investments include RBL Bank, TeamLease Services, EuroKids International and John Distilleries. See the full list on this page.
Who are the partners at Gaja Capital?: Key people include Gopal Jain (Co-founder, Managing Director & CEO), Ranjit Shah (Co-founder, Executive Vice-Chairman) and Imran Jafar (Executive Director).
Where is Gaja Capital based?: Gaja Capital is headquartered in Mumbai.
Does Gaja Capital invest in women founders?: Gaja Capital is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.