Deal Alert: Sequoia leads Rs. 100-Cr investment in maternity hospitals chain Cloudnine

Sequoia Capital India has led a Rs 100 crore investment into Bangalore-based company Cloudnine, which runs a network of five specialty maternity care hospitals. Existing investor Matrix Partners India also participated in the round. Cloudnine will use the funds to set up 10 new centres over the next two years. The first one in Chennai will deliver services in maternal, neonatal, gynaecological and infertility care.

Cloundnine had raised Rs 45 crore from Matrix Partners in 2011.

Source: Economic Times

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