Multiples Alternate Asset Management

Investor type

PE

Founded

2009

AUM

$1 000 M

Location

Mumbai, Maharashtra, India

$50-100 m

Investment Ticket

3-5 years

Investment Horizon

Series B, Late Stage (Series C+)

Investment Stage

Sale to strategic investor, IPO

Exit Strategy

Investor profile last updated: 27 July, 2026

Profile

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 $3Bn under management, and a portfolio of 30 companies across three 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.’

Industry

Consumer Products Fashion/Beauty Financial Services Internet and Web Services Media and Entertainment Other Pharmaceuticals Transportation Fintech Healthcare Services SaaS Software Energy CleanTech HealthTech Security Education Gaming

Region of investment

Asia

Multiples Alternate Asset Management Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Multiples Alternate Asset Management India-focused Fund II
Private Equity (PE)
Financial Services
Fintech
Healthcare Services
SaaS
Software
Energy
CleanTech
HealthTech
Series B
Late Stage (Series C+)
Asia
$5-10 m
$690 M
September 2016
Multiples Private Equity Fund III
Private Equity (PE)
Financial Services
Fintech
Healthcare Services
SaaS
Security
Software
Transportation
HealthTech
Series B
Late Stage (Series C+)
Asia
$5-10 m
$685 M
July 2021
Multiples Multi-Asset Continuation Fund
Private Equity (PE)
Education
Financial Services
Fintech
Gaming
SaaS
Security
Software
Transportation
Series B
Late Stage (Series C+)
Asia
$5-10 m
$430 M
May 2025

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FAQs about Multiples Alternate Asset Management

Multiples Alternate Asset Management is located in Mumbai, Maharashtra, India.
Multiples Alternate Asset Management was founded in 2009.
Multiples Alternate Asset Management invests in companies and startups in Consumer Products, Fashion/Beauty, Financial Services, Internet and Web Services, Media and Entertainment, Other, Pharmaceuticals, Transportation, Fintech, Healthcare Services, SaaS, Software, Energy, CleanTech, HealthTech, Security, Education, Gaming.
Multiples Alternate Asset Management invests in companies and startups in Asia.
Multiples Alternate Asset Management invests in companies and startups at Series B, Late Stage (Series C+).
Multiples Alternate Asset Management usually invests $50-100 m on average.
Multiples Alternate Asset Management has around $1 000m assets under management.
Multiples Alternate Asset Management last fund was created/launched in 2025-05-20