Bangalore-based Kids Clinic India Private Limited, which runs hospitals under the name ‘Cloudnine’, has raised Rs. 100 crore ($16 million) from Sequoia Capital and existing investor Matrix Partners India. .Tatva Legal advised Kids Clinic India with a team led by Partner Manav Nagaraj along with Senior Associate Bhargava KS..Luthra & Luthra advised Sequoia Capital with a team led by Mumbai Partner Bikash Jhawar along with Associate Aastha Suman..The existing investor Matrix Partners India, which had invested Rs. 45 crore in 2011 has also participated in this second round of funding, reports VCCircle..The investment will support Cloudnine in accelerating expansion into the southern and western regions of India. Currently, Cloudnine has five healthcare facilities in Bangalore and plans to set up 10 more centres over the next two years.
Bangalore-based Kids Clinic India Private Limited, which runs hospitals under the name ‘Cloudnine’, has raised Rs. 100 crore ($16 million) from Sequoia Capital and existing investor Matrix Partners India. .Tatva Legal advised Kids Clinic India with a team led by Partner Manav Nagaraj along with Senior Associate Bhargava KS..Luthra & Luthra advised Sequoia Capital with a team led by Mumbai Partner Bikash Jhawar along with Associate Aastha Suman..The existing investor Matrix Partners India, which had invested Rs. 45 crore in 2011 has also participated in this second round of funding, reports VCCircle..The investment will support Cloudnine in accelerating expansion into the southern and western regions of India. Currently, Cloudnine has five healthcare facilities in Bangalore and plans to set up 10 more centres over the next two years.