India · Investor

Multiples

Last cheque observed Sep 2026; 3 cheques on record.

Deploying nowNew fund $430M, Apr 2025Private equity

SeedSeries ASeries BFinTechInsuranceAsset Management

Deploying now
100%of best year1cheques in 12 months, 3 on record
Since the last cheque33days00hrs00min00sec
Median round$150MRounds led1 of 3Sole investor1 rounds
Pitch Multiples

Multiples highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Growth and Series C: 67% of its rounds

  3. 03

    Sole investor in 1 rounds, median $150M

What they do

Filed 1 private fund offering with the SEC, the most recent in 2023-07From their own website
Type
Private equity (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowthPre-IPO
Sectors
FinTechInsuranceAsset Management
Based in
Mumbai, India
Cold pitches
Not stated

The record

Every round we can evidence, newest first3 appearances

  1. 2026

    1 round

  2. Sept
    Brahma AIGrowth · GB · Inc42$150MLed
  3. 2015

    1 round

  4. May
    DelhiverySeries D · IN$85MWith 3 others
  5. 2014

    1 round

  6. Sept
    DelhiverySeries C · IN$35MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration4 named

KJKalpesh JainAuthorised SignatoryiForm ADV
NNNithya N. EaswaranDirectoriForm ADV
RRRenuka RamnathExecutive Officer, DirectoriFiling they signed
SNSudhir N. VariyarDesignated PartneriForm ADV

We also hold 18 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$2.0Bgross assets of its funds, 2 advisers combinedOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Multiples Asset Management IFSC LLP
SEC number
CRD 330568

Who they invest alongside

The investors most often in the same rounds as Multiples. A count of rooms they were both in, not a relationship either has claimed.

Nexus Venture PartnersVC firm2rounds togetherTimes InternetCorporate VC2rounds together

Quick answers about Multiples

What does Multiples invest in?

Multiples invests most often at Growth and Series C (67% of the rounds on record), in sectors such as FinTech, Insurance and Asset Management.

How active is Multiples?

3 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

What has Multiples invested in recently?

Its most recent investments on record: Brahma AI (Growth, Sept 2026).

How big are Multiples's cheques?

The median round it joins is $150M.

Is Multiples investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does Multiples invest alongside?

Most often Nexus Venture Partners (2 rounds together) and Times Internet (2 rounds together).

What kind of investor is Multiples?

Multiples is a private equity firm based in Mumbai, India.

How much does Multiples manage?

About $2.0B, as gross assets of its private funds, 2 advisers added together (Oct 2026).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it