Avnish Bajaj, Founder and Managing Director at Matrix India
Matrix partners India announced on Wednesday that it had totally exited its long-term stake in eye care carrier company Centre for Sight, after Mahindra partners talked about it will make investments Rs 206.5 crore within the enterprise.
Mahindra partners has totally invested Rs 226.5 crore via simple and secondary capital in New Delhi-based Centre for Sight (NDCFS), and the promoters of the specialty eye care company have invested Rs 20 crore.
"Centre for Sight additionally suits into our greater healthcare approach, which is focused on the delivery aspect with a bias in opposition t single forte," Parag Shah, Managing partner at Mahindra partners, noted in a press release released to the media.
NDCFS referred to the funding would support them to open new eye centres, in addition to drive increase via acquisitions of existing practices. here's Mahindra accomplice's 2nd healthcare funding in India, after Medwell Ventures, which operates Nightingales specialty domestic healthcare functions.
Centre for Sight become established in 1996, and has 43 centres throughout 9 states, and greater than 24 cities in India. This 12 months, they opened a flagship centre in Dwarka, New Delhi.
"we now have been privileged to accomplice with NDCFS from 2010 and from its very early days. The business has scaled very nearly 10 instances since then," delivered Avnish Bajaj, Founder and Managing Director at Matrix India.
Matrix companions India, which has about $1 billion property below administration, specialises in seed, early, and early boom stage investments in India. The firm has also invested in cab aggregator Ola, online classifieds marketplace Quikr, and healthtech startup Practo.
additionally examine: [Funding alert] Swiggy founders, Matrix partners invest in profession accelerator Pesto
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