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Multiples Asset Management IFSC
Renuka Ramnath's Multiples is a top Indian PE firm with $2B+ raised, based in GIFT City and active across financial services, healthcare, and consumer.
Overview
MULTIPLES ASSET MANAGEMENT IFSC LLP is an exempt reporting adviser in GANDHINAGAR, GUJARAT. It is based in the IFSC.
General information
Firm type
Asset Manager
Year founded
2010
Location
Region
Asia
Country
India
City
Gandhinagar, Gujarat
Corporate office
GIFT City, Gandhinagar, Gujarat, India
Principals
Renuka Ramnath
Founder, Managing Director & CEO
S. Sriniwasan
Co-Founder & Managing Director
Sector focus
Frequently asked questions
Does Multiples invest in venture-stage companies or only growth equity?
Multiples primarily targets growth equity and buyouts, not seed or early-stage venture. Its typical check is aimed at profitable or near-profitable mid-market companies needing scale-up capital. The Delhivery investment, made before the company's 2022 IPO, is the closest the firm has come to late-stage venture, but the portfolio is anchored in cash-flow-positive operators.
What is Multiples' relationship with ICICI?
There is no formal corporate relationship between Multiples and ICICI. Renuka Ramnath left ICICI Venture, the private equity subsidiary of ICICI Group, in 2009 after a long tenure that included serving as its CEO. Multiples is an independent firm she founded the following year with a new team and separate institutional backing. ICICI is not a sponsor or LP in Multiples funds.
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