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Mahindra Partners pumps Rs 226 cr in Centre for Sight

Thursday, 16 May 2019
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Mahindra Partners, the investment arm of automobiles-to-information technology conglomerate Mahindra Group, has invested Rs 206.5 crore in specialty eye care chain Centre for Sight.

With this the Matrix Partners will make a complete exit from its decade-long investment in the Centre for Sight. Mahindra Partners have also invested Rs 20 crore as part of the deal.

Centre for Sight will use the proceeds from the latest round of funding towards possible acquisitions, building capacity and technology. It also plans to open 40 centres over the next four years.

The eye care chain will be expanding to Uttar Pradesh, Bihar, Jharkhand, West Bengal and the North-East. Centre for Sight currently provides eye care services across 44 centres in 24 cities, spread across nine states. It opened its flagship 90,000 sq ft centre of excellence in Delhi in 2018, and has about 145 specialists on its platform.

 
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