M2P Fintech is in advanced negotiations to acquire the Chennai-based AI startup Mad Street Den in a distress deal for under $10 million. The transaction, which involves a cash and stock exchange, reflects a significant reduction from Mad Street Den's previous valuation, backed by Peak XV Partners and Alpha Wave Global. Mad Street Den, known for its AI-powered automation solutions across various sectors including retail and finance, will see its founders, staff, and technology integrated into M2P Fintech. This move marks a strategic expansion for M2P Fintech into the AI sector, aiming to enhance its service offerings. Additionally, M2P Fintech is also in talks to acquire another AI startup, Vue AI, in a similar distress deal.