Digital banking infrastructure company M2P Fintech is all set to secure Chennai-based AI startup Mad Street Den.

Moneycontrol, which detailed the improvement to begin with, said that the deal could be a blend of stock and cash.

Agreeing to sources, M2P Fintech is obtaining Mad Street Den in a trouble deal for around $10-15 million. The company has raised over $50 million to date, counting a $30 million circular in January 2023 from Alpha Wave and Peak XV (once in the past Sequoia Capital).

Established in 2016 by Ashwini Asokan and Anand Chandrasekaran, Mad Street Den's center product Vue.ai centers on the retail fragment to supply computerization and inventory management solutions.