[Funding Alert] Healthtech startup CureBay raises INR 50 Cr in Series A round led by Elevar Equity

Curebay Team

Odisha-based healthcare startup CureBay has raised INR 50 crore in a Series A funding round led by Elevar Equity. 

CureBay, which enables affordable healthcare services and facilities for rural areas, will use the capital to recruit, expand into new locations and strengthen its platform. It also plans to launch 100 e-clinics in the next 12 months, up from the current 15 such clinics.

Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain, CureBay uses a hybrid model to schedule appointments, provide teleconsultation, provide medications, address patient diagnostic needs, and facilitate tertiary care admissions at partner hospitals through a transparent booking model. and concierge services. 

Priyadarshi Mohapatra, Founder and CEO of CureBay, said, “The healthcare ecosystem needs an innovative model that enables it to collaborate in real-time to deliver health outcomes to patients across the country. With CureBay, we intend to strengthen the healthcare system and make it accessible to patients who lack information and proper medical resources.”

Jyotsna Krishnan, Managing Partner at Elevar Equity, said, “We at Elevar Equity have long held the view that rural healthcare platforms need to be tailored to this market. CureBay’s combined technology-assisted distribution model is well positioned to address a huge gap – millions of customers eager to pay for quality healthcare in medically underserved areas.”

According to CureBay, its trained health workers at the e-clinics assist incoming patients and connect them with city doctors for video consultations. Patients will also gain access to a network of partner laboratories and hospitals for specialized treatment. Over 10,000 patients have been treated so far.

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