Mumbai Oncocare raises $10m from Tata Capital Fund
Mumbai Oncocare Centre (MOC), a chain of cancer daycare centres said it has raised up to $10 million from Tata Capital Healthcare Fund for an undisclosed equity stake. MOC plans to utilize the newly infused capital to expand across India in the next 18 months.
Founded in 2018 by four medical oncologists Dr Ashish Joshi, Dr Vashishth Maniar, Dr Pritam Kalaskar and Dr Kshitij Joshi, MOC is a pioneering chain of cancer daycares operational at 16 locations across 10 cities of Maharashtra and MP.
Every year approximately 15 lac people get diagnosed with cancer in India and at any given time there are additional 25-30 lakh cancer patients who are undergoing treatment. Large number of these patients need chemotherapy, immunotherapy, and majority need to consult a medical oncologist during their treatment journey.
MOC addresses this unmet need with their unique community daycare centers, which are fully compliant hospitals, where these patients can get personalized, and high-quality care.