Health-tech startup CureBay has successfully raised $21 million in a Series B funding round led by Bertelsmann India Investments. The round also saw participation from existing investor Elevar Equity, along with British International Investment.
CureBay, founded in 2021 by Priyadarshi Mohapatra, Shobhan Mohapatra, and Sanjay Swain, is focused on delivering primary healthcare services to underserved rural areas through a hybrid model. This model combines a technology platform with a network of e-clinics located in small towns and villages. These e-clinics are equipped to provide a range of services, including doctor consultations, diagnostic testing, pharmacy services, and coordination of hospital admissions.
The company currently operates over 150 eClinics across Odisha and Chhattisgarh, having served over 550,000 patients since its inception. These clinics are supported by a network of over 1,000 healthcare workers, called "Swasthya Mitras." CureBay's services extend beyond basic consultations, offering medicine delivery, diagnostic tests, annual health memberships, and concierge services to guide patients through their healthcare journey. They also offer a preventive health program with 90,000 active members and a renewal rate exceeding 60%. The company's services include general health plans, cardiac care plans, diabetes care plans, ortho care plans and women’s health plans.
The newly secured funding will be used to strengthen CureBay's in-house technology, expand its reach to new states, and improve its AI and data capabilities for enhanced predictive care and operational efficiency. The company plans to expand its footprint to new states, including Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh. Investments will also be directed towards platform upgrades, proprietary algorithms, and rural-first workflow automation tools.
CureBay's hybrid model addresses critical gaps in healthcare access for rural populations, who often face challenges such as a shortage of healthcare professionals and limited access to quality medical facilities. By leveraging technology and a network of e-clinics, CureBay bridges the gap between patients in remote areas and healthcare providers in urban centers. The e-clinics are designed to provide assisted healthcare, with trained professionals present to guide patients in connecting with doctors via telemedicine.
The company also focuses on forging real-time interpersonal relationships with human values through the satellite e-clinics so that the primary healthcare services can be provided to the underprivileged and marginal sections of the society.
Pankaj Makkar, Managing Director of Bertelsmann India Investments, expressed enthusiasm for partnering with CureBay, recognizing its differentiated, ecosystem-driven approach to rural healthcare in India. Priyadarshi Mohapatra, Founder and CEO of CureBay, emphasized the company's commitment to addressing healthcare access challenges in underserved regions and stated that the funding will support the next phase of scale-up, including technology development, team building, and operational expansion.
CureBay's innovative approach has garnered significant attention and investment, positioning it as a key player in transforming healthcare delivery in rural India.
