By Health In Five Writer
Mumbai Oncocare Centre (MOC), a Chain of Cancer Daycare Centers and a unit of Cellcure Cancer Center has announced that it has raised up 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 next 18 months.
Manish Jobanputra, COO of 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, Mr Vamesh Chovatia says, “MOC is an exciting addition in our healthcare and life science portfolio. As a healthcare focused fund, we were keen to be at the forefront of addressing cancer care and with MOC we found a great partner who are a focused 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 extremely proud of supporting this young energetic team at MOC and it is a privilege to be a part of their noble journey”.