The healthtech startup CureBay, based in Odisha, has raised Rs 50 crore in a Series A round of funding headed by Elevar Equity.
CureBay will use this funding to hire, expand to new locations, and strengthen its platform. CureBay provides accessible healthcare services and facilities for rural areas. In addition, it plans to increase the number of e-clinics from 15 to 100 in the next 12 months.
Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain founded CureBay in 2021. Through a transparent booking model and concierge services, CureBay helps patients get admitted for tertiary care at partner hospitals and schedules appointments, offers teleconsultations, delivers medicine, and addresses their diagnostic needs.
CureBay Founder and CEO Priyadarshi Mohapatra said, “The healthcare ecosystem needs an innovative model that enables it to collaborate on a real-time basis to deliver health outcomes to patients across the country. With CureBay, we intend to empower the healthcare system and make it accessible to patients who lack information and proper medical resources.”
According to CureBay, its trained healthcare workers at the e-clinics assist walk-in patients and connect them with city-based doctors for video consultations. For specialised care, the patients have access to a network of partner hospitals and labs. Over 10,000 individuals have received treatment from CureBay so far.
On the investment, Jyotsna Krishnan, Managing Partner, Elevar Equity, said, “We at Elevar Equity have long held the view that rural healthcare platforms need to be custom-designed for this market. CureBay’s blended distribution model with assisted tech is well positioned to address a massive gap – millions of customers are eager to pay for quality healthcare in medically underserved areas.”