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December 03, 2012

Deal Alert: Matrix invests Rs.30-Cr in cosmetics co Enhance Aesthetic

PE firm Matrix Partners has invested a little over Rs.30 crore in Kolkata-based Enhance Aesthetic and Cosmetic Studio for a 30% stake. The privately-held, one-year-old venture, founded by Dr Manoj Khanna, provides hair transplant, weight loss and cosmetic enhancement as well as dermatology facilities across four centers. The company has a roster of celebrity clients such as sports commentator Harsha Bhogle and film actor Govinda. 

Enhance Aesthetic will use the funds to add around 20 centers across the country over the next three years. It is currently clocking revenues of around Rs.25 crore. 

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