Bangalore’s headquartered chain of women, childcare and fertility hospitals Cloudnine, which aims to raise Rs 1,200 crore from the public market, plans to continue to add about seven hospitals every year to capture the markets where it operates. Raviganesh Venkatraman, CEO, Cloudnine Group of Hospitals, said that they believe in ‘densifying’ the cities where they are present so that no expecting mother ever needs to travel for more than 30-minutes to reach one of their hospitals. “We already have nine centres in Bangalore, and we are trying to do the same with the National.

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Venkatraman feels that childbirth is an experience young couples now want to savour, and the Cloudnine chain tries to offer that. “We do not see this as an illness, rather as wellness. This explains why the footfalls to our hospitals did not go down even during the pandemic, as people preferred to come to hospitals where they did not have to mix with patients suffering from various ailments,” he adds.

The company has noted in the draft red herring prospectus (DRHP) filed with the market regulator Sebi that while the pandemic has adversely impacted business operations across various industries, including healthcare, Cloudnine experienced an increase in demand for mother and baby care at its centres. “Our delivery count increased in 2021 fiscal with more customers switching over to us given the heightened concerns of safety and infection,” it said.