Matrix Partners India Invests In Kids Clinic

Online, August 10, 2011 (Newswire.com) - 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. 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 Clinic, 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.