Diabetes care provider Dr Mohan's raises Rs 66 crore for expansion

Dr Mohan’s Diabetes Specialities Centre has raised a Series-A investment round of $10.23 million (Rs 66 crore).

This round has Evolvence India Fund as co-investor. The investment is led by Lok Capital’s Advised Growth Fund, the third fund from Lok. This is the first round of institutional funding for Dr Mohan’s, since inception in 1991. It will use the money to expand from the current 25 clinics across seven states to 100 in the next four years.

Venky Natarajan, managing partner of Lok Capital and Ajit Kumar, the MD at Evolvence India Fund, will join the board of