Health-tech startup CureBay raises ₹50 crore in Series A funding led by Elevar Equity

• CureBay will use the funds to attract skilled talent, expand into new locations and further strengthen the technology platform and care delivery model.
• Odisha-based CureBay provides affordable healthcare for rural areas.

CureBay, an Odisha-based health technology startup, said on Wednesday it had raised ₹50 crore in a Series A funding round led by Elevar Sharesa US-based private equity firm.

CureBay plans 100 . to launch eClinics over the next twelve months and will use the money raised to acquire skilled talent, expand into new locations and further strengthen the technology platform and care delivery model. CureBay currently has 15 eClinics in remote districts and villages in Odisha, which have reportedly helped more than 10,000 patients.

“The capital will enable the next phase of expansion and help strengthen our position in the country,” he said Priyadarshi Mohapatrafounder and CEO, CureBay.

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Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain, CureBay provides affordable health care for rural areas. It enables last-mile distribution of primary health care by leveraging its eClinics and technology, making health care accessible in small towns and villages.

“With CureBay, we want to strengthen the healthcare system and make it accessible to patients who lack information and good medical resources. Our hybrid model helps overcome the challenges of patient-caregiver relationships and the concentration of caregivers in a few urban areas,” added Priyadarshi Mohapatra.

CureBay’s Hybrid Model

CureBay uses a hybrid model to provide primary health care. It enables users to schedule appointments, provides teleconsultations, provides medicines, provides diagnostic services and ensures admission of patients for tertiary care with its partner hospitals through a booking model.

CureBay hires trained health professionals at its clinics who help walk-in patients connect with doctors in the city for consultations. The eClinics also provide diagnostic services through partner labs and deliver medicines.

“We at Elevar Equity have long believed that rural healthcare platforms should be custom designed for this market. CureBay’s blended distribution model with assisted technology is well positioned to close a huge gap – millions of customers are eager to pay for quality healthcare in medically deprived areas,” said CureBay. Jyotsna Krishnanmanaging partner, Elevar Equity.

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