IVFA invests Rs 400 cr in Cloudnine hospitals
India Value Fund Advisors(IVFA) has invested Rs 400 crore for a minority stake in Cloudnine, a multi-city hospital chain focused on women and children. It would be joining existing investors Matrix Partners India and Sequoia India, which had invested in Cloudnine. Siddharth Dhondiyal, managing director, and Sanjay Arte, partner ate IVFA, have also joined Cloudnine’s board as directors. This would be the third round of fundraising for Cloudnine.
Original Source: Business Standard