Friday, December 1, 2023

Creating liberating content

Lachung in Sikkim allows...

PTI | | Posted by Zarafshan Shiraz,...

Snowfall in Sonamarg, night...

PTI | | Posted by Zarafshan Shiraz,...

Yearend Travel: 10 best...

December 31 marks the last day on the...

New adventure zones in...

Tourists enjoying rides in kayaks and circular boat at the...
HomeNewsUpdatesMultiples PE Platform...

Multiples PE Platform Achieves First Close of Fund IV at $640 Million



Nucleus_AI ( )

Multiples Alternate Asset Management (“Multiples”) has announced the successful first close of its Fund IV, with a subscription of over USD 640 million. This major fundraise further establishes Multiples as a leader in India’s domestic private equity market.

Fund IV brings together a diverse range of investors, including global institutional investors like the Canada Pension Plan Investment Board (CPPIB) and International Finance Corporation (IFC), local institutions such as State Bank of India (SBI) and private insurance companies, and leading domestic family offices.

Sudhir Variyar, MD & Deputy CEO of Multiples Alternate Asset Management, expressed his excitement about the future prospects of the fund: “This fundraise is yet another important milestone in the growth and evolution of Multiples as an institution providing wings to the dreams and aspirations of entrepreneurs. We are excited about the India opportunity and the tremendous entrepreneurial energy that’s propelling the country forward.”

He also acknowledged the trust placed in Multiples by its investors, and pledged to continue creating value and delivering consistent cash-on-cash returns.

Multiples Private Equity is India’s leading private equity platform, recognized for its long and successful history of partnering with Indian entrepreneurs. The firm has backed 30 Indian businesses in building aspirational, distinctive, and responsible ventures. Multiples focuses on core sectors such as financial services, pharma & healthcare, consumer, and technology.

Multiples' investments

Some of the company’s most notable investment partnerships include Encube, Zenex, PVR, Delhivery, Dream Sports, Quantiphi, Vastu Housing Finance, ACKO, Licious, and MoEngage. Multiples seeks opportunities that benefit from significant shifts in its chosen sectors, collaborating with exceptional entrepreneurs and management teams to create transformational growth.

Over the past decade, Multiples has specialized in three main strategies: a) identifying tech-led big shifts and investing in them at their inflection point, b) catalyzing transformative growth, and c) investing in platforms for multi-decadal growth potential. This approach has enabled Multiples to deliver exceptional performance across industries and timeframes.

In an earlier interview with Yourstory, Renuka Ramnath, Founder, MD & CEO of Multiples, shared that the Multiples team believes in bringing both heart and mind to their work as investors. Her overall message to startups is to chase purpose over valuation.





Source link

Get notified whenever we post something new!

spot_img

Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

Lachung in Sikkim allows tourists from Friday after October flash flood

PTI | | Posted by Zarafshan Shiraz, Gangtok The popular north Sikkim tourist destination, Lachung, which was affected by flash floods in early October, has been made accessible...

Snowfall in Sonamarg, night temperature rises at several places in Jammu and Kashmir

PTI | | Posted by Zarafshan Shiraz, Srinagar Jammu and Kashmir’s Sonamarg tourist resort recorded light snowfall for the second day on Friday while the Meteorological Department forecast...

Yearend Travel: 10 best places to celebrate New Year’s Eve

December 31 marks the last day on the Gregorian calendar and it is one of the oldest holidays in the Western cultures. The first known record of New Year’s celebrations began about 2000 B.C....

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.