MOC Cancer Care & Research Centre, a Mumbai-based network of community cancer daycare centers, has successfully raised $18 million in a funding round led by Elevation Capital. This investment aims to bolster MOC's expansion efforts, including the establishment of new centers and the diversification of its service offerings.
Key Details:
- Funding Amount: $18 million
- Lead Investor: Elevation Capital
- Previous Funding: $10 million from Tata Capital Healthcare Fund in January 2023
- Current Operations: 24 centers across Mumbai, Pune, Maharashtra, Ahmedabad, Indore, and Chhattisgarh
- Services Focus: Daycare oncology, primarily chemotherapy, and medical management of cancer
- Expansion Plans: Establish 12-18 new centers over the next two years, expand into Delhi NCR and southern India, and explore global opportunities
- Service Diversification: Develop molecular oncology labs and preventive oncology services
Founders' Background:
Founded in 2018, MOC Cancer Care was established by a team of dedicated oncologists:
- Dr. Ashish Joshi: Co-founder with extensive experience in oncology, instrumental in MOC's strategic growth and service expansion.
- Dr. Kshitij Joshi: Co-founder focusing on clinical excellence and patient-centered care within the network.
- Dr. Pritam Kalaskar: Co-founder overseeing medical operations and the integration of advanced treatment protocols.
- Dr. Vashishth Maniar: Co-founder responsible for research initiatives and the implementation of evidence-based practices.
Funding Details:
The recent $18 million investment round was led by Elevation Capital, a prominent venture capital firm known for supporting innovative healthcare solutions. This follows a previous $10 million investment from Tata Capital Healthcare Fund in 2023, which facilitated MOC's operational and technological advancements. The newly acquired funds are earmarked for expanding MOC's footprint through new centers, enhancing service offerings, and advancing cancer care accessibility and affordability across India.