Matrix commits $9.9m to Kids Clinic India's Series A round
Matrix Partners India has committed INR450 million ($9.9 million) as the sole institutional investor in Kids Clinic India Private Limited, a Bangalore-based provider of maternity and infant care services. The immediate goal is to enlarge the company’s footprint in Bangalore, with plans for three new facilities, but ultimately Matrix wants to support expansion into other cities.
Kids Clinic claims to have delivered more than 6,000 babies since its inception in 2007. Working from two facilities under the "cloudnine" brand, the company also offers a range of gynecological and neonatal...
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