India, May 14 -- US-based AI finance platform Numero has acquired Chennai-headquartered finance automation startup Royu in a cash-and-stock deal.

Without disclosing the exact size of the deal, Royu cofounder Viswajith Vishwaa told Inc42 that the acquisition was a "double digit million deal" despite the startup being less than a year old.

"For a company that is still young and growing like this, a double digit million acquisition on a cash per stock deal is very high by global standards," he added.

As part of the deal, Royu's cofounders Vishwaa and Gunasekaran Sathyanarayanan will join Numero's leadership team. While Vishwaa will join the US-based company as cofounder and chief product officer, Sathya will become the chief technology of...