Medtech co. Sensa Core raises $72-M from MO Alts

Motilal Oswal Alternates has acquired a significant minority stake in Hyderabad-based medical diagnostic equipment manufacturer Sensa Core for INR 650 crore (USD 72 million). Veda Corporate Advisors acted as the exclusive financial advisor to Sensa Core for this transaction.Founded in 2006 by Dr Ravi Kumar Meruva in 2006, Sensa Core is engaged in design (IP-driven), development, manufacturing and distribution of specialized in-vitro diagnostic (IVD) devices. The company is also a provider of electrolyte analysers, glucometers, haemoglobinmeters and arterial blood gas analysers.The new funds will be used to accelerate product development and expand the company’s global presence.