Elevar Equity Leads INR 50 Cr Series A Round For CureBay


CureBay announced on Wednesday that it had raised Rs 50 crore ($6.1 million) in a Series A funding round led by early-stage venture capital firm Elevar Equity.

The proceeds will be used to hire new employees, invest in technology, and expand its services to new geographies, according to the Odisha-based startup.

CureBay, which was founded in 2021 by Priyadarshi, Shobhan Mahapatra, and Sanjay Swain, enables last-mile distribution of primary healthcare services through collaboration with other healthcare providers in the ecosystem. It has formed collaborations with 15 hospitals and three national laboratory chains.

Through a hybrid model, the startup assists in scheduling appointments, providing teleconsultations, delivering medicine, addressing patients’ diagnostic needs, and facilitating admission for tertiary care at partner hospitals in an economical manner.

It currently operates 15 e-clinics in Odisha’s remote districts and villages, serving over 10,000 patients. In the next twelve months, the startup hopes to open 100 e-clinics.

Curebay currently has a team of around 40 people. Through a full tech stack and its fulfilment model, it aims to serve and connect patients in underserved markets to healthcare providers.

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