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Matrix Partners India Invests In Kids Clinic
Posted: February 6, 2012    Send email
Matrix Partners India today announced that it has invested INR 45 Crores  as the sole investor in the first institutional round of funding  for Kids Clinic India Private Limited  a leading provider of high quality maternity and infant care under the brand  Cloudnine 
Cloudnine has the distinction of delivering more than 6 500 babies since its inception in 2007 with globally best in class morbidity and mortality outcomes  Apart from maternal care  Cloudnine ranks as the premier destination for gynecology and neonatal care services in the city  Cloudnine has pioneered the concept of  celebrating  the entire journey of pregnancy and beyond by introducing several innovations in which the mother and the newborn are treated as  guests  rather than as  patients 
Dr  R  Kishore Kumar  Managing Director and co founder  Kids Clinic India Private Limited in a press note issued in city today said that 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  through our  Cloudnine  and  Sure Fertility  brands  This capital infusion provides Kids Clinic India Pvt Ltd the growth capital for expansion  We believe that Matrix is the right partner for us during this critical growth phase given their strong understanding of the healthcare services sector  added Dr  Kumar
 It is our privilege to be associated with the team at Kids  in particular Dr R  Kishore Kumar who is a true visionary  and has done pioneering work in mother and child care across the globe  Specialty healthcare services constitute an important focus area for Matrix as they satisfy a growing demand for Indian consumers whose disposable incomes and awareness of quality care are on the rise  We believe Cloudnine and Sure Fertility can capture a large share of the growing demand for quality maternity and infant care in India  said Mr Avnish Bajaj  co founder   Managing Director  Matrix India
Immediate expansion plans for Kids include increasing its footprint in Bangalore with three new facilities  Cloudnine and Sure Fertility will soon be launched in other metros of the nation  Cloudnine has had  and maintains the distinction in being able to attract the best medical practitioners in the country and beyond as it continues to take the service offering to multiple centers and multiple cities
About Kids Clinic India Private Limited:
Kids Clinic India Private Limited is a leading provider of maternity and infant care under the brand  Cloudnine   Currently based in Bangalore across two facilities in Jayanagar and J P  Nagar  the company plans to expand its footprint in Bangalore and other metros  Over four years since inception  it has over 6000 deliveries to its credit and boasts of a negligible infant mortality rate  IMR  and zero maternal mortality rate  MMR   Kids  has also branched out into fertility services under the brand  Sure Fertility  in which it has a success rate of above 56   Kids  aspires to provide the best in class care at affordable costs by focusing rigorously on internal processes  Nursing and personal attendance at Kids are amongst the best in the country with world class attendant: patient ratios  Kids recently shifted from the brand  The Cradle  to  Cloudnine  to define a mother s emotions better while being in the moment of motherhood  Further information is available at www cloudninecare com
About Matrix Partners India:
Matrix Partners India is an investment firm with INR 3 000 crore under management  The firm invests in companies targeting the Indian domestic market with a sector independent investment strategy focused on generating exceptional returns  The firm invests up to INR 150 crore in a company depending on its stage of development and has invested in several companies including Center for Sight  eye care chain   Muthoot Finance  Gold Loan NBFC   BSFL/BASIX  Microfinance Institution   FIITJEE  Engineering Test Preparation Company   Ver se Innovation  Mobile Classifieds Provider  and Tree House  preschool and K 12 schools  among others  Matrix Partners has a global network of funds investing in the US  China and India with US 3 billion under management  Further inf
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