MUMBAI: Mahindra Partners, the private equity and corporate investment arm of the Mahindra Group, said on Wednesday that it has acquired a stake in New Delhi-based eye care chain Centre for Sight for ₹206.5 crore from early investor Matrix Partners, giving Matrix a complete exit. The deal marks Mahindra Partners’ second healthcare foray, after its $14-15 million investment in Bengaluru-based home healthcare startup Medwell Ventures Pvt. “We are excited to partner with the Centre for Sight as it enters its next phase of growth," said Parag Shah, managing partner at Mahindra Partners. This new investment aligns with the demographic catered to by our first healthcare investment, Medwell Ventures, which operates a home healthcare chain under the Nightingales brand," he said. As of November 2015, it held nearly 18% in Centre for Sight, as per the company’s filings with Sebi.

Source: Mint May 15, 2019 10:49 UTC