This transaction, with an investment of $ 200 million, marks Multiples' largest control investment in technology services.
The Mumbai-based growth tech-focused fund has received commitments from Amansa Capital’s Akash Prakash, who is the largest Limited Partner (LP), besides global and Indian institutional investors and family offices such as HDFC Fund of Funds, SIDBI, SRI Fund, Oister Global, DSP family office, Harsh Jain, CEO of Dream11.
MoEngage says it has grown its annualised recurring revenue by more than 105 percent In the last 12 months, and has added 500 new customers. It has also doubled its headcount to more than 650.
Cadila Healthcare has gone ahead with the divestment to accelerate the growth of the business, improve operational efficiencies and explore strategic choices for the animal health vertical
RBL Bank is well poised to capture growth opportunities and has a great niche in the segment they are present in Renuka Ramnath, Founder & CEO, Multiples Alternate AMC.
"Consumption is the biggest investment thesis for India. I am betting not just on urban consumption but also on rural consumption", Renuka Ramnath, Founder & CEO of Multiples Alternate Asset Management told CNBC-TV18.
However, Renuka Ramnath, Founder and CEO, Multiples Alternate Asset Management anticipates an opportunistic strategy in 2-3 years backed by window of opportunity seen in corporate restructuring.