MOC Cancer Care & Research Centre, India’s largest network of community cancer centers, has raised $18 million to expand its oncology services, enhance chemotherapy treatments, and make affordable cancer treatment more accessible, reinforcing its commitment to high-quality cancer care.

Led by Elevation Capital, the investment will fuel the expansion of its high-quality, cost-effective cancer treatment services across India.

India records approximately 1.5 million new cancer cases annually, yet access to quality care remains limited. Patients often travel long distances to reach hospitals, while high costs at private facilities make treatment unaffordable for many. MOC addresses these challenges by establishing localized, safety-equipped cancer centers that provide comprehensive, affordable, and timely care.

Founded in 2018 by oncologists Dr. Ashish Joshi, Dr. Kshitij Joshi, Dr. Pritam Kalaskar, and Dr. Vashishth Maniar, MOC has transformed the oncology landscape. It focuses on daycare treatments, including chemotherapy and medical cancer management, ensuring patients receive necessary care without prolonged hospital stays.

MOC Scaling Reach and Services

Over the past seven years, MOC has successfully treated over 450,000 cancer patients through its 24 centers spanning Mumbai, Pune, Maharashtra, Ahmedabad, Indore, and Chhattisgarh. The company offers holistic services, such as nutrition guidance, physiotherapy, and genetic counseling, enhancing patient well-being beyond traditional treatment.

In May 2024, MOC strengthened its footprint by merging with Hemato Oncology Clinic (HOC), India’s second-largest independent chain of community cancer centers. This strategic move expanded MOC’s presence in Gujarat, reinforcing its mission to make cancer treatment accessible nationwide.

With this fresh round of funding, MOC aims to open new centers in Delhi NCR and other regions. Additionally, it plans to develop a molecular oncology lab and introduce preventive oncology services, further broadening its impact.

Previously, MOC secured $10 million from Tata Capital Healthcare Fund in 2023 to enhance technological capabilities and scale operations. The company remains committed to affordability, delivering 20-30 percent cost savings for patients while maintaining high standards of care.

MOC’s success underscores the growing importance of community-based oncology solutions. As it continues expanding its network, the company plays a crucial role in bridging the gap between advanced cancer care and patient accessibility.

Stay ahead of the curve and follow IndiaTechDesk on Facebook, Twitter and Linkedin for in-depth news of market trends, funding updates, and regulatory changes affecting startups in India.