Motilal Oswal Alternates Leads $72M Round in Sensa Core

Motilal Oswal Alternates has invested USD 72 million in Hyderabad-based medical devices company Sensa Core, a specialist in in-vitro diagnostic devices.

Founded in 2006, Sensa Core has evolved from a bootstrapped startup into a market leader in electrolyte analysers, with its products deployed in over 40,000 hospitals and diagnostic laboratories across India and exported to more than 78 countries. The company also has a strong presence in glucometers, haemoglobin meters, and arterial blood gas analysers. Its manufacturing facility in Hyderabad supports current operations, with plans to expand further through a new facility at the Medical Device Park in Sultanpur. Rohit Mantri, Managing Director at Motilal Oswal Alternates, remarked, “Sensa Core exemplifies India’s new era of homegrown medical device champions.”

The investment will enable Sensa Core to accelerate product development and expand its global footprint. Founder Ravi Kumar Meruva highlighted the role of local manufacturing in ensuring affordable healthcare and boosting exports under the ‘Make in India’ initiative.

News by Rahul Yelligetti.