Home / Business and Economy / Cloudnine Soars to $1B Valuation: Private Equity Giants Circle
Cloudnine Soars to $1B Valuation: Private Equity Giants Circle
4 Jun
Summary
- Private equity firms are bidding for a 25% stake in Cloudnine.
- The hospital chain's valuation is estimated at $1 billion.
- Cloudnine reported ₹2,000 crore revenue and ₹300 crore EBITDA in FY26.
Global private equity giants, including Warburg Pincus and KKR, are engaged in a bidding war for a 25% stake in Cloudnine, India's largest maternity and pediatric hospital chain. The transaction is anticipated to value Cloudnine at around $1 billion.
Initial bids are expected by the first week of July, with Allegro Capital managing the sale process. True North, an existing investor since 2015, plans a full exit, while other investors like Temasek and TPG Newquest are likely to maintain their stakes. Cloudnine's promoter group and ESOP holders also own significant portions of the company.
Founded in 2006, Cloudnine reported robust financial figures for FY26, with revenues reaching ₹2,000 crore and EBITDA standing at ₹300 crore. This strong performance has attracted significant interest from multiple international and domestic private equity firms.
