Mahindra's private equity unit invested $29.3m in the ophthalmology centre operator, in a deal that enabled Matrix Partners India to exit.
India-based eye care services provider Centre of Sight has received almost Rs 2.1bn ($29.3m) in funding from Mahindra Partners, the private equity arm of conglomerate Mahindra Group, Hindu BusinessLine has reported.
The investment was completed through primary and secondary transactions. Venture capital firm Matrix Partners India, which invested $5m in company in 2013 according to VentureBeat, has fully divested its stake through the transaction.
Founded in 1996, Centre of Sight operates a range of ophthalmology centres across 24 cities in…
