Healthtech startup CureBay raises Rs 50 Cr in Series A round led by Elevar Equity

Odisha-based health tech startup CureBay has raised Rs 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 this capital to hire, expand to new locations and strengthen its platform. It also plans to launch 100 e-clinics in the next 12 months, up from 15 today.

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

CureBay Founder and CEO Priyadarshi Mohapatra said, “The healthcare ecosystem needs an innovative model that allows it to collaborate in real time 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 adequate medical information and resources.”

Venture Capital Financing
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According to CureBay, its trained healthcare workers at the e-clinics help walk-in patients and connect them with city doctors for video consultations. Patients also gain access to a network of associated laboratories, as well as hospitals for specialized treatment. He has treated more than 10,000 patients so far.

On the investment, Jyotsna Krishnan, Managing Partner of Elevar Equity, said: “At Elevar Equity we have long held the view that rural healthcare platforms need to be custom designed for this market. CureBay’s combined distribution model with assistive technology is well positioned to address a huge gap: millions of customers are eager to pay for quality health care in medically underserved areas.”