Multiples PE buys majority stake in QBurst for $200m in its biggest tech services bet yet

Multiples PE buys majority stake in QBurst for $200m in its biggest tech services bet yet

Renuka Ramnath, founder, MD & CEO at Multiples Alternate Asset Management

India’s Multiples Alternate Asset Management, led by former ICICI Venture veteran Renuka Ramnath, on Thursday, said it signed an agreement, along with its co-investors, to buy a controlling stake in QBurst, a full-service software development company, for $200 million.

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