Private equity firm Matrix Partners India said it has invested Rs 45 crore in the first round of institutional funding for Kids Clinic India which provides maternity and infant care under the brand Cloud Nine. Kids Clinic,founded in 2007,currently operates two facilities in Bangalore and has more than 6,500 deliveries to its credit. In addition to maternal care,Cloud Nine also provides gynaecology and neonatal care services. The funds raised would be used for increasing its footprint in Bangalore with three new facilities and also plans to expand across other metros,Matrix Partners said in a statement. "India has lagged behind global standards in quality maternal and infant care. To address this gap,we introduced the concept of 'celebrating' motherhood,while maintaining high standards of health outcomes,with our 'Cloudnine' and 'Sure Fertility' brands. "This capital infusion provides Kids the growth capital for expansion and we believe that Matrix is the right partner for us during the growth phase given their strong understanding of the Healthcare services sector," Kids Clinic India MD and Co¿Founder R Kishore Kumar said. Last year,Matrix Partners invested Rs 50 crore in city-based Centre for Sight (CFS),a chain of speciality eye hospitals.
