Logistics sector is a great proxy for economic activity. A gauge for manufacturing and consumer confidence. Mention this to any white-collar in a private equity (PE) firm, and the nod will come with a smile. Multiples Alternate Asset Management, an India-focused PE fund, is among the firms that have been early believers of the Indian logistics story. “When we invested in Delhivery almost a decade back, it was an INR500 crore company. Today, the
