Indian eye hospital chain operator Centre for Sight Ltd. (CFS) has received a 206.5 crore rupees (circa $29 million) investment from Mahindra Partners, a venture capital arm of the Mahindra Group.
In connection with the new financing, which was done via a mix of primary and secondary deals, the promoters of CFS have further invested $3 million in CFS, taking the total investment into the company to $32 million.
The investment will help CFS to drive its organic and inorganic growth and consolidate its leadership position in the growing Indian ophthalmology healthcare segment.
CFS noted that the move will also enable the company to fuel growth, enabling it to open new centers and also acquire existing practices.