With its large population and favourable demographics, India has a large and growing maternity services market. The obstetrics and gynaecology (“OBG”) segment in India is witnessing the emergence of specialized hospitals focused exclusively on this space. The focused approach of these hospitals allows them to offer a superior value proposition to both doctors and patients under an attractive economic model. Early movers in this segment are witnessing healthy business growth and creating strong brands.
Kids Clinic Private Limited operates the “Cloudnine” brand of hospitals and has rapidly risen to become the leading player in the OBG services space in India. It provides these services (obstetrics - birthing, gynaecology, paediatrics and related) through small sized hospitals “centres” (25 – 50 beds in size each).
At the time of True North’s investing, Cloudnine was a little over 6 years old and had set up an aggregate of 10 hospitals since inception. It was originally founded by Dr R Kishore Kumar, a reputed paediatrician in Bangalore, in partnership with a real estate business group. Leading VCs, Matrix Partners and Sequoia Capital have funded the company’s expansion so far.
Founder :- Dr R Kishore Kumar
Founder :- Rohit M A
CEO :- Akash Malik