Multiples Alternate Asset Management
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Multiples Alternate Asset Management

https://multiplesequity.com
Last activity: 11.08.2026
Active
Invests in categories: BusinessE-commerceFinTechIndiaInvestmentManagementManufacturingMarketServiceTechnology
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.’
News
11
Portfolio
29
Mentions
54
Location: India, Maharashtra, Mumbai
Employees: 11-50
Founded date: 2009
Investment Type: Venture Capital
Investment Stage: Series C; Series F; Private Equity

Portfolio 29

DateNameWebsiteTotal RaisedLocation
24.02.2025Geniemodegeniemode.com$88MIndia, Har...
10.12.2024Shubham Ho...shubham.co$230MIndia, Har...
24.05.2022ACKOacko.com$422MIndia
24.05.2022BDR Pharma...bdrpharma.com-India, Mah...
24.05.2022KOGTA FINA...kogta.in$153.2MIndia, Raj...
30.07.2021MoEngage I...moengage.com$2.02BIndia
02.07.2021Liciouslicious.in$462.14MIndia
-NATCO Phar...natcopharma.co.in-India
-PeopleStro...peoplestrong.com-India, Mah...
-Arvind Lim...arvind.com-India, Guj...
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News 11

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Mentions in press and media 54

DateTitleDescription
11.08.2026Multiples PE nears deal to acquire $80-100 mn stake in Giva-
30.07.2026Multiples, Avendus’ PE bet go underwater as Veritas to take valuation knock in IPOPro D Arulmany, founder, Veritas Finance Private equity firm Multiples PE and Avendus Capital’s growth-stage platform are likely to see their investments in ...... New to VCCircle.com? Subscribe to VCCircle PRO and get privileged access to ...
25.06.2026Multiples PE wraps up nearly a decade-old bet but did it beat the benchmark?Pro Renuka Ramnath, founder and CEO, Multiples PE Homegrown private equity firm Multiples Alternate Asset Management, led by Renuka Ramnath, has signed a deal to ...... New to VCCircle.com? Subscribe to VCCircle PRO and get privileged acces...
22.06.2026Post Mizuho deal, Avendus elevates Karan Sharma to lead investment bankingMumbai: Avendus has elevated Karan Sharma to managing director and head of investment banking, effective immediately, marking a key leadership transition at the financial services firm following Japan's Mizuho Financial Group's acquisition ...
17.06.2026Atom XVII eyes $8 mn for debut consumer-focussed fundHarsh Kapadia Atom XVII, a newly launched venture capital fund focussed on consumer startups, is targeting a corpus of Rs 75 crore (nearly $8 million) and aims to make its first close by July-end. Founded by investor Harsh Kapadia, the Cate...
26.05.2026Multiples PE emerges as a frontrunner to invest in jewellery brandPremium Credit: Pixabay Homegrown private-equity firm Multiples Alternate Asset Management has emerged as one of the frontrunners to pick up ...... This is a Premium article. Please subscribe or log in to read the full story! Here's a selec...
25.03.2026Elev8 Venture backs Fast&Up maker in sixth deal from maiden fundCredit: 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&...
11.03.2026NIIF secures $750 mn for second fund to back PE/VC firmsAnand 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...
20.02.2026ChrysCapital inks $159 mn control deal for Novartis India, makes open offerThe 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...
03.02.2026Advent International to invest $305 mn in Aditya Birla HousingShweta 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...
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