In line with the growing interest in the specialty healthcare space, Matrix Partners India has invested Rs 50 crore in New Delhi -based Centre for Sight, a chain of specialty eye hospitals.
Centre for Sight, started by Chairman & Medical Director Dr Mahipal S. Sachdev, a renowned ophthalmic surgeon, will use the funds to expand to a network of over 60 eye hospitals in three years and becoming one of the largest eye hospital chains across India.
It will also use the funds for acquisitions of certain private eye care hospitals in Tier II and Tier III cities. The chain is currently operating at 10 locations across North India with five more hospitals being opened by year end.
With this investment, Avnish Bajaj, Managing Partner, Matrix India, will join the board of Centre for Sight.
Some of the recent investments in the space include Song Investment Advisors' capital infusion into Eye-Q Vision Healthcare Pvt. Ltd (an eye care speciality chain), Sequoia's investment in eye care clinic chain Vasan Health Care.