M2P Fintech in talks to acquire AI startup Vue AI in distress deal

M2P Fintech, a financial technology infrastructure startup, is in advanced talks to acquire Vue.ai (Mad Street Den) in a distress sale for under $10 million, according to sources. The AI startup, backed by Peak XV Partners and Alpha Wave Global, has raised over $50 million since its inception but is now being sold at a fraction of that valuation. Several people involved in the deal confirmed the matter.

Mad Street Den, one of the earliest enterprise AI startups, offers AI-powered automation solutions across retail, finance, and other sectors. Its…