CureBay has raised approximately Rs 100 crore in a pre-Series C funding round led by IvyCap Ventures, giving the rural healthtech startup fresh capital to expand its healthcare network beyond its existing seven-state presence.
The funding has been raised by raising Rs 69 crore worth of equity capital from IvyCap Ventures and other investors, along with more than Rs 30 crore of debt funding. The firm intends to utilize the funding to grow its clinic network to 800, with some additional clinics to be set up in Andhra Pradesh.
The investment comes as CureBay looks to build on its network of more than 250 technology-enabled clinics. Rather than relying entirely on virtual consultations, the startup combines physical healthcare centres, local health workers and digital services to connect rural patients with medical professionals.
From 250 Clinics to an 800-Clinic Network
CureBay currently operates more than 250 clinics across seven states, including Odisha, Chhattisgarh and Bihar.
Its operations are supported by over 1,800 Swasthya Mitras, who work as community health workers, along with 530 trained clinical staff and more than 210 partner hospitals and laboratories.
The company says it has served over 17 lakh patients and conducts more than 400 health camps every month.
Its expansion has been substantial compared with its early operations. CureBay had just 17 e-clinics across Odisha before gradually extending its presence into other regions.
AI Screening and Local Health Workers Form Core of Expansion
Beyond opening clinics, CureBay is investing in its technology infrastructure, particularly its AI-based Intelligence Layer.
The system is being developed to support patient screening, identify potential health risks and assist clinical decision-making.
The startup is also investing in graphics processing units (GPUs) and training its own AI models. Its existing screening tools cover skin conditions, dental health and haemoglobin assessment.
These digital capabilities work alongside CureBay’s community-based healthcare model, which connects local health workers with doctors and specialists.
The company’s six-layer healthcare system brings together IoT-enabled clinics, Swasthya Mitras, a digital healthcare platform, AI-based screening and risk alerts, a round-the-clock command centre and its CureBay Kavach membership programme.
CureBay Kavach focuses on preventive healthcare through consultations and support for diagnostics and certain hospitalisation-related expenses.
Funding Builds on Previous Investor Support
Founded by Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain, CureBay has attracted backing from several institutional investors as it has expanded its rural healthcare operations.
In January 2024, the company secured Rs 61.8 crore in a Series A1 extension, including Rs 60 crore from Elevar Equity.
It subsequently raised $21 million in a Series B round in May 2025, led by Bertelsmann India Investments, with participation from existing investor Elevar Equity and British International Investment.
Before the latest transaction, CureBay had reportedly raised more than $34.6 million.
The new funding adds IvyCap Ventures to the company’s investor base as it prepares to scale its operations further.
Rural Healthcare Push Extends to Government-Linked Services
CureBay’s operations also include participation in government-linked rural service initiatives.
The startup was named a healthcare partner for the Samriddhi Kendra initiative, which uses BharatNet connectivity to bring multiple services together at rural centres.
Samriddhi Kendra was inaugurated in March 2026 in the village of Umri located in the Guna district of Madhya Pradesh which provides telemedicine along with diagnostic services using the Health ATM facility.
For CureBay, the next phase will involve expanding its physical presence while strengthening the technology and healthcare workforce needed to support a larger clinic network.
Its proposed growth to 800 clinics represents a significant step beyond its current footprint, with local health workers, digital consultations and AI-assisted screening remaining central to its rural healthcare model.
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