Startup Funding / Bhubaneswar-Based Curebay Raises Rs 100 Crore To Expand Rural Healthcare Network

Bhubaneswar, Oct 24: Rural healthcare technology company CureBay has raised nearly Rs 100 crore in a pre-Series C funding round to expand its healthcare delivery network across India and strengthen its artificial intelligence and proprietary technology capabilities, officials said on Saturday.

The Bhubaneswar-based company raised Rs 69 crore in equity, led by IvyCap Ventures with participation from existing investors. It also secured more than Rs 30 crore in debt from Trifecta Capital, Alteria Capital and VentureSoul Partners.

Expansion plans

The fresh capital will support CureBay’s entry into new markets, including Andhra Pradesh. The company will also invest further in its technology and AI capabilities, including its intelligence layer, to improve screening, health insights and clinical decision-making.

Founded in Bhubaneswar in 2021, CureBay aims to improve access to healthcare in rural and underserved areas. It operates through IoT-enabled clinics, a Swasthya Mitra network, a connected digital platform, AI-based screening and risk alerts, a 24/7 command centre and CureBay Kavach.

Reach and services

CureBay currently operates more than 250 technology-enabled clinics across seven states. Its network includes over 1,800 Swasthya Mitras, more than 530 trained clinical staff, over 230 doctor partners and more than 210 partner hospitals and laboratories.

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The company said it has served more than 17 lakh patients and conducts over 400 health camps every month. It also works with the government on healthcare delivery initiatives and has been named the healthcare partner for Samriddhi Kendra, a Government of India initiative.

Priyadarshi Mohapatra, founder and chief executive officer of CureBay, said rural India needs an end-to-end healthcare system rather than another app. He said the funding would help the company expand its operating system to more states and use AI to ensure families receive the right care at the right time, close to home.