Cloudnine Hospitals is a Bengaluru-based chain focused on maternity and infant care. The company operates hospitals specialising in maternal and neonatal services. The article reports India Value Fund Advisors invested Rs.400 crore (~$60m) for a significant minority stake. The investment joins existing investors Matrix Partners India and Sequoia India on the cap table. The article does not disclose operating metrics, a valuation, or future plans. No additional financial details were provided in the report. Kids Clinic India operates the Cloudnine chain of premium mother and childcare centres, offering maternity, infant and IVF services. The company currently runs five healthcare facilities in Bangalore and is launching a new facility in Chennai. Cloudnine reports a zero percent maternal mortality rate and a 99.72% survival rate for babies across 16,000 deliveries; its IVF success rate is 42.31%. The company runs Cloudnine in partnership with property developer Scrips N Scrolls India. Management says it will deploy new capital within the next four to six months and plans accelerated geographic expansion. Leadership has indicated plans to set up 10 more centres in southern and western India over the next two years and to invest roughly Rs 300–450 crore to build 15 hospitals in two to three years.

Total raised

$77M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2015