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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.
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.
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