Hyderabad-basedMaxivision Eye Hospitalhas raised up to Rs 1,300 crore from healthcare-focused private equity playerQuadria Capital.As per estimates, the Indian eyecare industry bagged investments of over Rs 7,000 crore last year.

While Quadria Capital will initially invest around Rs 600 crore in picking up a minority stake in Maxivision, it will later follow this up with an of up to Rs 700 crore for an additional stake in the eyecare chain.
The fundraise is expected to helpMaxivisionnot only scale up operations through organic and inorganic Growth but will also help it cater to the growing demand for eyecare in the largely underserved tier-2 and tier-3 markets.

Maxivision, which was set up in 1996, operates 42 centres in six states of south, including Telangana andAndhra Pradesh, and west India. Quadria said it sees an opportunity for Maxivision to scale up through accretive tuck-in acquisitions of standalone clinics, especially in states such as Maharashtra, Karnataka, Gujarat, Kerala andMadhya Pradesh.