MOC Cancer Care Raises $18 million Led By Elevation Capital

MOC Cancer Care & Research Centre, which runs a network of community cancer daycare centres, has raised $18 million in a fresh funding round from early-stage venture capital firm Elevation Capital.

The Mumbai-based company, which provides daycare oncology services like chemotherapy and cancer treatment, said the funds will help expand operations, open new centers and add more services.

Read also- Nazara Acquires Majority Stake In Kids-Play Centre Funky Monkeys

“A large part of cancer care delivery happens in the unorganised sector, which includes small nursing homes, small trust hospitals, and a few doctors’ clinics. So, our focus is to homogenise this fragmented market into a standardised level of care. Mergers and acquisitions, brownfield projects, and greenfield projects are the three different avenues through which we will continue to grow, just as we have done so far, "said, Ashish Joshi, cofounder of MOC.

“We will also use these funds to add a broader range of services. One key area is molecular oncology and precision oncology, which are integral parts of oncology today,” he said. “We will focus a lot on the preventive oncology aspect to help prevent cancer on a larger scale, as prevention is often an ignored topic in cancer care.”

Mayank Khanduja, Partner, Elevation Capital, said, “Their patient centricity really stood out to us at every single centre of the company. That combined with their unmatched clinical acumen is helping them deliver truly remarkable care to their patients. We are confident in the team’s ability to scale their services to more patients across India, while continuing to be the gold standard of cancer care in the country.”

About MOC Cancer Care & Research Centre

Founded in 2018 by oncologists Ashish Joshi, Kshitij Joshi, Pritam Kalaskar and Vashishth Maniar, MOC Cancer Care & Research Centre
which provides daycare oncology services like chemotherapy and cancer treatment.

The company has treated over 450,000 cancer patients and runs 24 centers in Maharashtra, Ahmedabad, Indore, Chhattisgarh and Tanzania.

It plans to open 12-18 new centers in India over the next two years, starting with Delhi NCR and then expanding to southern India, while also exploring global growth.

MOC’s current centers can handle 800-1,000 chemotherapy sessions per month.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.