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Mumbai Oncocare Centre raises $10 M in Series A funding from Tata Capital Healthcare Fund

MOC plans to utilise the newly infused capital to expand across India in the next 18 months

Mumbai Oncocare Centre (MOC), a Chain of Cancer Daycare Centers and a unit of Cellcure Cancer Center announced that it has raised to $10 million from Tata Capital Healthcare Fund for an undisclosed equity stake. MOC plans to utilise the newly infused capital to expand across India in the next 18 months.

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Founded in 2018 by four Medical Oncologist, Dr Ashish Joshi, Dr Vashishth Maniar, Dr Pritam Kalaskar and Dr Kshitij Joshi, and immensely supported, contributed and co-created by 15 other medical oncologists, MOC is a pioneering chain of cancer day cares operational at 16 locations across 10 cities of Maharashtra and Madhya Pradesh.

Speaking on the partnership, Manish Jobanputra, COO, MOC said, “It is our privilege to join hands with Tata Capital, which is part of the Tata group that has earned and retained a reputation of being the most ethical industrial and business enterprise in India and globally.”

Partner at Tata Capital Healthcare Fund, Vamesh Chovatia says, “MOC is an exciting addition to our healthcare and life science portfolio. As a healthcare-focussed fund, we were keen to be at the forefront of addressing cancer care and with MOC we found a great partner who is a focussed medical oncology services delivery chain. The philosophy and mission of MOC, to provide high-quality care at affordable price points aligned with our objective of financing such scalable and profitable business models. MOC is bridging the continuum and making treatments for patients accessible and affordable. We are proud of supporting this young energetic team at MOC and it is a privilege to be a part of their noble journey.”

 

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