True North
Latest, 29 Sept: Permira and TPG acquire Cloudnine stakes in $450 million deal valuing chain at $1.3 billion.
Newest on True North
Browse all 5 storiesWhat we know
From 3 stories, the newest dated 29 Sept 2026. Summary written 3 Oct 2026.
True North is an investment firm that holds stakes in Indian companies, including Cloudnine Hospitals, which ET Small Business described as India's largest maternity and paediatric hospital chain. [1] source: ET Small Business True North invested ₹400 crore in Cloudnine in 2015. [1] source: ET Small Business
In September 2026, Inc42 reported that True North acquired a 2-3% minority stake in InMobi for $50-60 Mn through secondary purchases and a small primary component. [2] source: Inc42 InMobi operates social-commerce platform Roposo and is redomiciling to India ahead of a planned public issue. [2] source: Inc42 In July 2026, ET Small Business reported that TPG Capital and Permira were frontrunners to buy True North's 25% Cloudnine stake, alongside a 5-10% primary share issue, at a proposed valuation of ₹11,000 crore ($1.15 billion). [1] source: ET Small Business In September 2026, Mint reported that Permira and TPG Capital acquired stakes in Cloudnine Hospitals in a $450 million secondary transaction at a valuation of about $1.3 billion. [3] source: Mint
Cloudnine has about 40 centres across 13 Indian cities and plans a public listing over a 24-36 month horizon, according to Mint. [3] source: Mint
True North has appeared in 5 distinct RetailIntel stories between Aug 2026 and Sept 2026, most often under retail company and most frequently linked to Bengaluru, Mumbai and Chennai.
Brands most often mentioned alongside True North
Cloudnine Hospitals, Dabur, Permira, Sesa Care, TPG Capital, TPG NewQuest.
Most-cited sources on True North
ET Small Business (2 stories), Business Today · Latest (1 story) and Inc42 (1 story).
Sources
Questions about True North
What is True North's current strategy in India?
In July 2026, TPG Capital and Permira were reported as frontrunners to buy True North's 25% Cloudnine stake. [1] source: ET Small Business In September 2026, True North acquired a 2-3% minority stake in InMobi for $50-60 Mn. [2] source: Inc42