Healthtech company CureBay raised $21 million (INR 179.5 Cr) in a Series B funding round, which was led by Bertelsmann India Investments. Existing investor Elevar Equity also returned to the table, while British International Investment joined as a new investor.
The additional capital will fuel CureBay's efforts to scale its data and AI infrastructure to enable more targeted and proactive delivery of care in rural India. The Bhubaneswar-based firm also plans to go new-to-market with CureBay in new geographies like Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh.
Bridging the Healthcare Gap in Rural India
Founded by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain in 2021, CureBay was founded with a vision: spreading healthcare to India's farthest corners.
The online platform of the startup connects patients with healthcare professionals and essential service providers. CureBay also offers a wide range of healthcare services, including:
Medicine delivered to doorsteps
Diagnostic checks
Annual health memberships
Concierge patient experience services
A Hybrid Healthcare Model with Rural Orientation
As CEO and cofounder Priyadarshi Mohapatra describes, CureBay is developing a hybrid model of healthcare through integration of its platform with a growing network of satellite eClinics, run by trained health workers even in the country's most rural districts.
We are trying to create a hybrid model by leveraging our tech platform as well as putting together a network of satellite clinics (eClinics), where healthcare workers are present, in the remotest areaPriyadarshi Mohapatra, CEO and Co-Founder of CureBay
Currently, CureBay has a presence in 32 Odisha and Chhattisgarh districts with:
Over 150 eClinics
Over 1,000 Swasthya Mitras
Relationships with 300+ service providers
Investment to Drive Tech and Geographical Growth
CureBay will deploy some of the new capital into building out its in-house tech stack and creating a rural-first workflow automation platform. The enhancements will seek to automate business processes, improve the patient experience from consultation through care delivery, and reduce administrative burdens on providers.
The company says that it has treated over 550,000 individual patients to date.
Increased Investor Demand for Healthtech
Despite its earlier deficit of funds, India's healthtech space is getting new attention in 2025. Here, India's startups raised $301 million in Q1 alone. A prime example among those was PB Healthcare, a unit of PB Fintech, who raised $218 million in seed capital recently.
Pankaj Makkar, Managing Director at Bertelsmann India, on the investment, said:
While most rural solutions remain fragmented, CureBay uniquely delivers the full continuum of care under one platform, seamlessly integrating consultations, diagnostics, pharmacy access, and surgeries through its tech-enabled eClinics and robust partner network
(Input from various sources)
(Rehash/Muhammad Faisal Arshad/MSM)