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

Founded in 2006, Sensa Core has grown from a bootstrapped startup into a market leader in electrolyte analysers, with its products used in over 40,000 hospitals and diagnostic labs across India, and exported to more than 78 countries. The company is also a key player in glucometers, haemoglobin meters, and arterial blood gas analysers. It operates a manufacturing facility in Hyderabad and plans to expand with a new facility in the Medical Device Park in Sultanpur. “Sensa Core exemplifies India’s new era of homegrown medical device champions,” said Rohit Mantri, Managing Director at Motilal Oswal Alternates.

The investment will help the company accelerate product development and expand globally. Founder Ravi Kumar Meruva emphasised the importance of local manufacturing for affordable healthcare and boosting exports under the ‘Make in India’ initiative.