CureBay’s founders and some members of its leadership team also participated in the funding round as investors
Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain, CureBay offers teleconsultation with doctors and also operates a network of microsatellite healthcare centres
The startup aims to deploy the fresh funds to build an intelligent and robust health data platform and hire over 200 professionals, including data scientists, diagnostics and pharmacy experts
Healthtech startup CureBay said it has raised INR 62 Cr (approximately $7.4 Mn) in its Series A1 funding round led by existing investor Elevar Equity.
CureBay’s founders and some members of its leadership team also participated in the funding round as investors.
The startup said it will deploy the funds to build an intelligent and robust health data platform and hire over 200 professionals, including data scientists, diagnostics and pharmacy experts, to work on its membership programme that drives its longitudinal data and affordability initiatives.
Commenting on the startup’s growth plans, cofounder and CEO Priyadarshi Mohapatra said, “We are committed to revolutionising healthcare in remote locations of India by providing affordable and high-quality primary care through a network of satellite health centres that aims to transform the patient experience.”
Founded in 2021 by Mohapatra, Shobhan Mahapatra, and Sanjay Swain, CureBay operates on a hybrid model. It offers teleconsultation services with doctors as well as healthcare services through a network of microsatellite centres, enabling all healthcare providers to participate on its platform and make their services available to people in remote locations.
Powered by technology, CureBay claims to enable doctors to deliver high-quality consultation and provide patients with comprehensive care. Its suite of services includes assisted doctor consultations, medicine procurement, pathology, hospitalisation coordination and medical reimbursement support.
As part of its growth strategy, CureBay aims to focus on driving profitability and data monetisation by investing in recurring revenue streams such as its membership programme and building its data practice.
It also plans to increase its count of clinics from the existing 90+ to over 200 across Odisha, Chhattisgarh, and enter a new state in Jharkhand.
The startup claims to have connected over 1,00,000 patients from the underserved areas with healthcare providers. Currently, its clinics cover close to 32,000 villages in India.
In 2022, the startup had secured INR 50 Cr ($6.1 Mn) in its Series A funding round led by Elevar Equity. Back then, it said that the funds would be deployed to build 85 clinics, shore up hiring, and expand footprint to other locations.
