MOC Cancer Care & Research Centre, a Mumbai-based network of community cancer daycare centres, has 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 centres and the diversification of its service offerings.
This recent funding round follows a $10 million investment from Tata Capital Healthcare Fund in January 2023, which was utilized to enhance MOC’s operations and technological capabilities.
Founded in 2018 by oncologists Dr. Ashish Joshi, Dr. Kshitij Joshi, Dr. Pritam Kalaskar, and Dr. Vashishth Maniar, MOC focuses on providing accessible and affordable cancer care, primarily through chemotherapy and medical management.
Over the past seven years, the organization has treated over 450,000 patients across 24 centres located in Mumbai, Pune, Maharashtra, Ahmedabad, Indore, and Chhattisgarh.
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In May 2024, MOC expanded its reach by merging with Hemato Oncology Clinic (HOC), India’s second-largest independent chain of community cancer care centres, thereby extending its services into Gujarat.
With the new capital infusion, MOC plans to continue its mission of homogenizing the fragmented cancer care market by standardizing treatment protocols and expanding its footprint across India.
