Edit
Multiples Alternate Asset Management
https://multiplesequity.comLast activity: 25.03.2026
Active
Multiples was founded in 2009 by Renuka Ramnath, emerging from a vision to create a highly-respected, sustainable and successful institution focused on Alternate Asset investments in India.
With close to $1 bn under management, and a portfolio of 18 companies across two funds, Multiples now has a stellar track record of wealth creation in partnership with entrepreneurs and investors.
We have a unique understanding of the Indian business environment: The dynamic Indian business environment requires a flexible investment approach. Our local market understanding allows us to act swiftly in making distinctive investments across sectors and life stages.
We have built a credible reputation and deeply entrenched network of relationships in corporate India: We are a team of seasoned private equity professionals with a full cycle track record of investing, partnering and exiting companies. Our market reputation and deep, entrenched network of relationships in corporate India allows us to win deals of choice and drive positive change in our portfolio companies.
Our flexible investment approach allows us to maximize value: Multiples has a broad investment strategy, covering varied sectors and situations ranging from minority investments to buyouts. Our nimble, agile approach in adapting to diverse deal constructs helps expand our canvas of opportunities and maximize value, regardless of transaction type and stake.
We partner beyond capital to unleash the true potential of businesses: Recognizing that capital is but one aspect of investment, we actively engage with promoters and management teams to imagine new possibilities. Our entrepreneurial mindset and relationships of trust helps propel businesses to stronger growth trajectories.
Our business philosophy is anchored in clearly-defined values, which are embedded in the DNA of Multiples through processes, investment frameworks and a shared understanding of what makes a ‘Multiples deal.’
With close to $1 bn under management, and a portfolio of 18 companies across two funds, Multiples now has a stellar track record of wealth creation in partnership with entrepreneurs and investors.
We have a unique understanding of the Indian business environment: The dynamic Indian business environment requires a flexible investment approach. Our local market understanding allows us to act swiftly in making distinctive investments across sectors and life stages.
We have built a credible reputation and deeply entrenched network of relationships in corporate India: We are a team of seasoned private equity professionals with a full cycle track record of investing, partnering and exiting companies. Our market reputation and deep, entrenched network of relationships in corporate India allows us to win deals of choice and drive positive change in our portfolio companies.
Our flexible investment approach allows us to maximize value: Multiples has a broad investment strategy, covering varied sectors and situations ranging from minority investments to buyouts. Our nimble, agile approach in adapting to diverse deal constructs helps expand our canvas of opportunities and maximize value, regardless of transaction type and stake.
We partner beyond capital to unleash the true potential of businesses: Recognizing that capital is but one aspect of investment, we actively engage with promoters and management teams to imagine new possibilities. Our entrepreneurial mindset and relationships of trust helps propel businesses to stronger growth trajectories.
Our business philosophy is anchored in clearly-defined values, which are embedded in the DNA of Multiples through processes, investment frameworks and a shared understanding of what makes a ‘Multiples deal.’
Location: India, Maharashtra, Mumbai
Employees: 11-50
Founded date: 2009
Investment Type: Venture Capital
Investment Stage: Series C; Series F; Private Equity
Portfolio 29
| Date | Name | Website | Total Raised | Location |
| 24.02.2025 | Geniemode | geniemode.com | $88M | India, Har... |
| 10.12.2024 | Shubham Ho... | shubham.co | $230M | India, Har... |
| 24.05.2022 | ACKO | acko.com | $422M | India |
| 24.05.2022 | BDR Pharma... | bdrpharma.com | - | India, Mah... |
| 24.05.2022 | KOGTA FINA... | kogta.in | $153.2M | India, Raj... |
| 30.07.2021 | MoEngage I... | moengage.com | $2.02B | India |
| 02.07.2021 | Licious | licious.in | $462M | India, Kar... |
| - | NATCO Phar... | natcopharma.co.in | - | India |
| - | PeopleStro... | peoplestrong.com | - | India, Mah... |
| - | Arvind Lim... | arvind.com | - | India, Guj... |
Show more
News 11
Show more
Mentions in press and media 48
| Date | Title | Description |
| 25.03.2026 | Elev8 Venture backs Fast&Up maker in sixth deal from maiden fund | Credit: Reuters Bengaluru-based Elev8 Venture Partners has backed consumer-facing Fullife Healthcare in a funding round, as investor interest in the health-and-wellness sector picks up. Fullife, the company behind nutrition brands Fast&... |
| 11.03.2026 | NIIF secures $750 mn for second fund to back PE/VC firms | Anand Unnikrishnan, managing partner-private markets, NIIF The National Investment and Infrastructure Fund (NIIF) has secured commitments of up to $750 million (around Rs 6,900 crore) for its second private markets vehicle, the sovereign-an... |
| 20.02.2026 | ChrysCapital inks $159 mn control deal for Novartis India, makes open offer | The Novartis logo at a building in Rotkreuz, Switzerland | Credit: Reuters/Arnd Wiegmann Homegrown private equity firm ChrysCapital has agreed to acquire Swiss pharmaceutical major Novartis AG’s entire stake in its Mumbai-listed unit for Rs... |
| 03.02.2026 | Advent International to invest $305 mn in Aditya Birla Housing | Shweta Jalan, managing partner and head-India, Advent International Private equity firm Advent International will invest Rs 2,750 crore (about $305 million) in Aditya Birla Housing Finance Ltd, the mortgage lending arm of Aditya Birla Capit... |
| 16.06.2025 | Continuation funds in India are a natural progression: Multiples PE | India’s Multiples Alternate Asset Management (Multiples PE) is actively scouting for opportunities in the green economy and manufacturing while continuing to focus on its core areas such as enterprise technology, financial services, healthc... |
| 27.05.2025 | India's Multiples PE closes $430m continuation fund | India’s Multiples Alternate Asset Management, led by former ICICI Venture veteran Renuka Ramnath, Tuesday announced the closure of its continuation fund at $430 million. |
| 09.05.2025 | ICICI Prudential AMC to take over PE, VC, real estate funds from ICICI Venture | Reuters | Credit: Reuters ICICI Prudential Asset Management Co Ltd is set to take over the private equity, venture capital, and real estate fund management businesses from its group company, ICICI Venture, according to a stock exchange fili... |
| 30.04.2025 | Multiples ropes in global LPs to raise over $400m for continuation fund | India’s Multiples Alternate Asset Management, led by former ICICI Venture veteran Renuka Ramnath, is understood to have roped in a slew of high-profile, global limited partners (LPs) for its multi-asset continuation fund, which is said to h... |
| 15.04.2025 | Goldman Sachs snaps up PeopleStrong as Multiples PE makes an exit | Goldman Sachs' global headquarters in Manhattan, New York | Credit: Reuters/Andrew Kelly The private equity business of Goldman Sachs Alternatives has acquired a majority stake in Gurgaon-based PeopleStrong, a technology-led human resources... |
| 12.04.2025 | Navigating the Digital Landscape: The Power of Seamless Transitions and Robust Protection | In the fast-paced world of technology, change is the only constant. Businesses are always on the lookout for tools that enhance efficiency and security. Enter MoEngage and McAfee, two giants in their respective fields, offering solutions th... |
Show more