# Multiples: portfolio, investments and team > Multiples is a private equity based in India. 3 investments on record, 1 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/multiples-alternate-asset-management (Millionrounds; every figure on the page links to its filing or article) India · [Investor](https://millionrounds.com/investors) # Multiples Last cheque observed Sep 2026; 3 cheques on record. Deploying now New fund $430M, Apr 2025 Private equity Seed Series A Series B FinTech Insurance Asset Management Deploying now **100%** of best year **1** **cheques in 12 months**, 3 on record Since the last cheque **34** days **00** hrs **00** min **00** sec Median round **$150M** Rounds led **1 of 3** Sole investor **1 rounds** Pitch Multiples ## Multiples highlights - 01 1 cheques in the last 12 months - 02 Mostly Growth and Series C: 67% of its rounds - 03 Sole investor in 1 rounds, median $150M ## What they do > Filed 1 private fund offering with the SEC, the most recent in 2023-07 From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth Pre-IPO - **Sectors:** FinTech Insurance Asset Management - **Based in:** Mumbai, India - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **3 appearances** - **2026** 1 round - **Sept** **[Brahma AI](https://millionrounds.com/company/brahma-ai)** Growth · GB · Inc42 **$150M** *Led* - **2015** 1 round - **May** **[Delhivery](https://millionrounds.com/company/delhivery)** Series D · IN **$85M** With 3 others - **2014** 1 round - **Sept** **[Delhivery](https://millionrounds.com/company/delhivery)** Series C · IN **$35M** With 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 registration **4 named** KJ **Kalpesh Jain** Authorised Signatory i Form ADV NN **Nithya N. Easwaran** Director i Form ADV RR **Renuka Ramnath** Executive Officer, Director i Filing they signed SN **Sudhir N. Variyar** Designated Partner i Form 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 **$2.0B** gross assets of its funds, 2 advisers combined Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Multiples Asset Management IFSC LLP - **SEC number:** CRD 330568 New fund on file **$430M** raised in Apr 2025 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$150M** the round, not its cheque Alone, median **$150M** Led 1 of 3 rounds **33%** - **Sole investor:** 1 rounds - **Last cheque:** Sept 2026 Rounds by stage said on their site - Growth said *1* - Series C *1* - Series D *1* - Seed said *-* - Series A said *-* - Series B said *-* - Pre-IPO said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Nexus Venture Partners](https://millionrounds.com/fund/nexus-venture-partners) 2 - [Times Internet](https://millionrounds.com/fund/times-internet) 2 **Pitching Multiples?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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 Partners** VC firm **2** rounds together](https://millionrounds.com/fund/nexus-venture-partners)[**Times Internet** Corporate VC **2** rounds together](https://millionrounds.com/fund/times-internet) ## 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). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=multiples-alternate-asset-management) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=multiples-alternate-asset-management)