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Matrix Partners Expecting Big ROI from Healthcare in 2017

Matrix will be expecting good things from their healthcare investees, Practo, Techmed, Hearing Plus, Centre For Sight hospitals, Mewar Orthopaedic Hospitals, and especially Cloudnine which has already yielded 7x ROI through a partial exit.

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Cloudnine Hospitals has put Matrix Partners on cloud number nine

Matrix Partners has been making it rain with successful exits. Doesn’t look like that ‘We VC’s ain’t makin’ no money’ spiel applies to the investment firm originating in the US.

The investors has successfully exited a rummy gaming company called, Ace2Three and the fintech startup ItzCash whose founder heads a payments council in India. Matrix Partners India is now expecting the pot to be further sweetened by 3 or 4 more exits this calendar year according to a leading daily.

Founder of Matrix Partners India, Avnish Bajaj, was reported as saying their healthcare sector investments are going to be especially giving this year.

For example, there is the hospital chain, Cloudnine. Matrix Partners exited it partially two years back and received a 7x return on it. Bajaj was quoted as saying that the firm will expect to see, “50% higher exit than the previous 7x, when we exit Cloudnine completely.” Matrix Partners India’s first fund has seen close to 15 profitable exits according to Bajaj and sources VC investment deal tracking sources indicate Matrix has made10 exits since 2015.

Matrix will also be expecting good things from their other healthcare investees, Practo, Techmed, Hearing Plus, Centre For Sight hospitals and Mewar Orthopaedic Hospitals. The VC firm also has vested interests in high potential startups/some unicorns Ola, Mswipe, Quikr and Treebo,

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