MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED
MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED is a Series C+ fund in India writing $30M–$150M checks into Climate, Consumer, Fintech, Healthcare, Marketplaces, enterprise-tech, industrials, healthcare-and-pharmaceuticals and enterprise-technology.
- Stages
- Series C+
- Sectors
- Climate, Consumer, Fintech, Healthcare, Marketplaces, enterprise-tech, industrials, healthcare-and-pharmaceuticals, enterprise-technology
- Check size
- $30M–$150M
- Invests in
- India
- Actively investing
- Yes
- Founded
- 2009
- Assets under management
- $3 billion
- Website
- multiplesequity.com
Thesis
Multiples Alternate Asset Management is an independent private equity firm based in Mumbai, India, founded in 2009. The firm focuses on strategic investments in the Indian mid-market, targeting companies with significant growth potential. Their investment thesis is sector-agnostic with a preference for financial services, healthcare, consumer and consumer tech, enterprise technology, industrials, and sustainability. Multiples targets mid to late-stage equity placements in mid-sized Indian companies that have demonstrated revenue traction and a clear path to scale. They emphasize partnering with strong management teams, aiming for control or significant-minority positions, and focus on operational value creation and governance improvements. The firm seeks platforms with multi-decadal growth potential and avoids quick returns. Geographically, their focus is exclusively on India, particularly businesses aligned with domestic consumption and formalization trends. Multiples has managed several funds, with its fourth fund closing at $885 million in early 2024, and a total AUM of close to $3 billion as of May 2026. The typical investment size ranges from $30 million to $150 million.
Common questions
Does MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED invest at the Series C+ stage?
Yes. MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED lists Series C+ among the stages it invests in.
What check size does MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED write?
MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED writes $30M–$150M checks.
Where does MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED invest?
MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED invests in India.