Eyecare chain Centre for Sight raises $5M afresh from Matrix Partners, eyes $20M more by 2013-end | VCCircle
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Eyecare chain Centre for Sight raises $5M afresh from Matrix Partners, eyes $20M more by 2013-end 

BY  Lohit Jagwani
Matrix Partners committed Rs 50 crore in the firm three years ago.

New Delhi Centre for Sight Pvt Ltd, which runs its eye care chain under the Centre for Sight brand, has raised Rs 30 crore ($5 million) in a fresh funding from its existing investor Matrix Partners, sources told VCCircle.

The transaction was closed a few weeks ago and was through compulsory convertible preference shares, the source privy to the development said.

When contacted by VCCircle, Mahipal Sachdev, the company’s chairman, confirmed that the firm has raised funds afresh from Matrix Partners but declined to comment on the quantum of funding.

“We did an internal round of funding in which Matrix...

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