Multiples acquires 35M dollar stake in INSTANT-XP

Multiples, an alternate asset management firm, has bought a minority stake in INSTANT-XP, a tech-driven B2B express logistics company. INSTANT-XP, founded by brothers Rajbir and Jasveer Singh, offers unique technology for customers, consignors, truckers, drivers, and other logistics participants.

Sridhar Sankararaman, MD, Multiples Alternate Asset Management, according to a statement said, "INSTANT-XP is a proxy play on India’s consumption and industrial activity. This partnership between INSTANT-XP and Multiples will further accelerate the company’s growth while maintaining a strong focus on processes and governance to grow responsibly,”.

Multiples focuses on key sectors like financial services, pharma and healthcare, consumer goods, technology, and more recently, the green economy. Some of its notable investments include ACKO, Delhivery, Dream Sports, Encube, India Energy Exchange, Kogta Financial, licious, Milltec, MoEngage, PVR, Quantiphi, TI Clean Mobility, Vastu Housing Finance, and Zenex.

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Jasveer Singh, MD & CEO, INSTANT-XP said, “We are thrilled to partner with Multiples who understands the logistics sector and brings first-hand experience in working with high-growth companies. With this investment, the company will further enhance its technological capabilities, multiply the revenue growth, and expand its network and service offerings to meet the evolving needs of our valued customers. We have experience of running asset light & heavy operations simultaneously and have a 360-degree understanding of the transport sector,”.

About INSTANT-XP

Instant Transport Solution Pvt Ltd is a premium express transport company. Our goal is to become a $1 billion company by 2030. In the last year (2021-22), our annual sales were 500 Crore INR.

About Multiples

Multiples was founded in 2009 by Renuka Ramnath with the vision of creating a respected, sustainable, and successful institution focused on alternate asset investments in India.

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