Bhubaneswar-based health-tech startup CureBay has raised $21 million (approximately ₹179.5 crore) in a Series B funding round led by Bertelsmann India Investments, with participation from British International Investment (BII) and existing investor Elevar Equity. The capital infusion aims to bolster CureBay’s proprietary technology stack, enhance its AI-driven platform, and expand its hybrid healthcare model to underserved regions in India.

Bridging the Rural Healthcare Gap

Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain, CureBay addresses the critical lack of accessible healthcare in rural and semi-urban areas. The company operates over 150 eClinics across 32 districts in Odisha and Chhattisgarh, providing services such as doctor consultations, diagnostic testing, pharmacy deliveries, and referrals to tertiary care. To date, CureBay has served more than 550,000 unique patients.

Empowering Local Communities

CureBay employs over 1,000 local healthcare workers, known as Swasthya Mitras, who facilitate access to healthcare services in their communities. These trained professionals connect residents with medical consultations, diagnostics, and pharmacy services while creating economic opportunities for themselves. The company also offers a preventive health program with 90,000 active members and a renewal rate exceeding 60%.

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Technological Advancements

The new funding will be used to strengthen CureBay’s proprietary technology stack, introduce AI-powered platform enhancements, and develop rural-first workflow automation tools. These technological advancements aim to improve early detection, forecasting, and personalized care, making last-mile healthcare more intelligent and inclusive.

Financial Performance and Growth

CureBay’s business model has demonstrated early success in financial sustainability. Its “circle” clinic networks, operational clusters supported by logistics and local partnerships, have achieved break-even within 18 to 20 months. Notably, the Balasore and Puri circles have already attained operational profitability.

Investor Confidence

Pankaj Makkar, Managing Director at Bertelsmann India Investments, stated, “CureBay stands apart in its ability to deliver the full continuum of care under one unified platform. Our investment reflects confidence in their mission to reimagine healthcare delivery in Bharat by making quality care both accessible and affordable.” Entrepreneur

Future Expansion Plans

With the fresh infusion of capital, CureBay plans to scale operations across new geographies, including Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh—states that remain underserved in terms of healthcare infrastructure.

Conclusion

CureBay’s innovative approach to blending physical clinics with a digital-first infrastructure positions it as a transformative force in India’s rural healthcare landscape. The company’s focus on technology, community engagement, and financial sustainability underscores its potential to make quality healthcare accessible to millions in underserved regions.

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