Multiples PE makes its second bet on the logistics sector
Mint Ahmedabad|December 20, 2024
Private equity firm Multiples PE, founded by Renuka Ramnath, has made its second bet on the logistics sector, with a $35 million (nearly ₹300 crore) investment in INSTANT-XP for a minority stake.
Prithvi Durai

The PE firm had earlier invested in e-commerce logistics company Delhivery in 2014. It sold some of its stake in Delhivery to Tiger Global in 2015 and fully exited in 2021.

This story is from the December 20, 2024 edition of Mint Ahmedabad.

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This story is from the December 20, 2024 edition of Mint Ahmedabad.

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