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Matrix Partners India set to complete its investment term with Cloudnine Group of Hospitals

Matrix Partners India set to complete its investment term with Cloudnine Group of Hospitals

Bengaluru, Feb 20 (IBNS): Marquee Venture Capital firm Matrix Partners India has successfully completed its investment term in Cloudnine Group of Hospitals becoming the first investor in the hospital to initiate the process for an investment exit. Matrix had backed Cloudnine in its early growth strategy in 2011, an investment funded through their first fund and had also re-invested in subsequent investments rounds thereafter. Investment banking firm Spark Capital has been appointed to facilitate the process.