CureBay Raises INR 100 Cr in Pre-Series C Round
The rural healthcare startup raised INR 69 crore in equity and over INR 30 crore in debt to expand its network.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
CureBay, a rural healthcare platform, has raised around INR 100 crore in a Pre-Series C funding round led by IvyCap Ventures. The round comprises INR 69 crore in equity from IvyCap Ventures and existing investors, along with over INR 30 crore in debt from Trifecta Capital, Alteria Capital and VentureSoul Partners.
Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain, CureBay operates more than 250 technology-enabled clinics across seven states. The company has served over 17 lakh patients and conducts more than 400 health camps every month.
The fresh capital will support expansion into new markets, including Andhra Pradesh, and strengthen the company’s technology and AI capabilities for screening, health insights and clinical decision-making.
“Rural Bharat doesn’t need another app; it needs a system that works end to end, from the Swasthya Mitra at the doorstep to the specialist in the city. This capital lets us take that operating system to more states and make our AI do the heavy lifting, so that every family gets the right care at the right time, close to home,” said Priyadarshi Mohapatra, founder and CEO of CureBay.
The company also works with government healthcare delivery initiatives and has been named the healthcare partner for Samriddhi Kendra, a Government of India initiative.
CureBay, a rural healthcare platform, has raised around INR 100 crore in a Pre-Series C funding round led by IvyCap Ventures. The round comprises INR 69 crore in equity from IvyCap Ventures and existing investors, along with over INR 30 crore in debt from Trifecta Capital, Alteria Capital and VentureSoul Partners.
Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain, CureBay operates more than 250 technology-enabled clinics across seven states. The company has served over 17 lakh patients and conducts more than 400 health camps every month.
The fresh capital will support expansion into new markets, including Andhra Pradesh, and strengthen the company’s technology and AI capabilities for screening, health insights and clinical decision-making.
“Rural Bharat doesn’t need another app; it needs a system that works end to end, from the Swasthya Mitra at the doorstep to the specialist in the city. This capital lets us take that operating system to more states and make our AI do the heavy lifting, so that every family gets the right care at the right time, close to home,” said Priyadarshi Mohapatra, founder and CEO of CureBay.
The company also works with government healthcare delivery initiatives and has been named the healthcare partner for Samriddhi Kendra, a Government of India initiative.
