Renuka Ramnath becomes the first female chairperson of India’s venture capital association

  • Renuka Ramnath, the founder of Multiples Assets Management, has been appointed as the chairperson of Indian Private Equity & Venture Capital Association (IVCA).
  • She is the first female chairperson of the association.
  • Ramnath earlier was the MD & CEO of ICICI Venture – specialist alternative assets manager. She went on to make it one of India’s leading PE funds.
Renuka Ramnath, the founder of Multiples Assets Management, became the first female chairperson of Indian Private Equity & Venture Capital Association (IVCA).

Karthik Reddy, Partner, Blume Ventures has been appointed as vice chairperson.

“In the years to come, our industry will remain more relevant than ever in the Indian economy, supplying the capital to sustain and grow companies and bolster entrepreneurship. Our focus areas remain working with the government and regulatory bodies to build and grow our industry through continuous dialogue and a partnership approach with all our stakeholders,” Ramnath said on her appointment.

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The Harvard graduate was earlier the MD & CEO of ICICI Ventures. She is credited with turning it into one of India’s leading PE funds.

Later, she found her own investment firm, Multiples in 2009.

“Multiples is a culmination of my beliefs, experiences and relationships coming together to channelize high-quality, long-term capital towards the growth of the Indian economy,” she says on the website.

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At Multiples, Ramnath has placed bets on many unicorns like Dream11, Delhivery and banks like RBL, South Indian Bank. Retail giant Arvind Fashion is also one of the companies she has invested in.

With a career spanning over 30 years, Ramnath believes that her journey in investment banking has empowered her with experience in “handling complex business and financial situations, tackling unpredictable market conditions, building highly capable teams, and lasting relationships with clients”.

In her free time, the mother of two enjoys listening to classical music.

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