Multiples PE makes its second bet in logistics sector
Private equity firm Multiples PE, founded by Renuka Ramnath, has made its second bet on the logistics sector, with a $35 million (nearly Rs 300 crore) investment in INSTANT-XP for a minority stake. The PE firm had earlier invested in ecommerce logistics company Delhivery in 2014. It sold some of its stake ......
Bottomline: Multiples PE-backed Shubham Housing sustains loan growth, profitability
Shubham Housing Development Finance Company, a darling of private equity firms, has clocked a steady growth in its assets under management and profitability for the financial year ended March 2024. Further, early data from the current financial year indicate that company’s financial metrics have remained steady. The company’s net profit rose ......
Multiples PE leads $118-mn investment in Shubham Housing
Private equity firm Multiples PE has led a Rs 1,000-crore ($118 million) Series F round of investment in Shubham Housing Development Finance Company Ltd, the mortgage lender said Tuesday. Existing investors Asian Development Bank and British International Investment also participated in the round, Shubham Housing said in a statement. The announcement comes ......
Deals Digest: Momentum slows again after stellar preceding week
The five-day period ended 20 December saw funding activity decline to nearly a third of the previous week’s high base of about $900 million, data collated by VCCircle showed. The week was particularly slow for the mergers and acquisitions deal category as well. Companies backed by private equity and venture capital ......
Cash exits matter more to us than paper NAV: Multiples PE’s Sankararaman
Private equity firm Multiples PE was founded by Renuka Ramnath in 2009. The same year, Sridhar Sankararaman joined the firm as he returned to private equity investing in India after working with Sun Group in London. Since then, Multiples PE has raised four funds, with the latest vehicle hitting its final ......
Rupee falls for seventh week in a row, hits record low
The Indian rupee slipped to its all-time low on Friday before turning course to end modestly higher, aided by likely dollar inflows, although its losing steak persisted into a seventh straight week. The rupee closed at 85.0150 against the U.S. dollar, up from its close at 85.07 in the previous session, after ......
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