VC Fund Investments
Rural areas focused healthtech co. Curebay raises $21-M led by Bertelsmann
Bhubaneswar-based rural areas focused healthcare platform CureBay has raised USD 21 million in Series B funding round led by Bertelsmann India Investments. The round also saw participation from Elevar Equity and British International Investment (BII), the UK’s development finance institution. InteQuant was advisor to this deal.Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain, CureBay currently operates over 150 eClinics across Odisha and Chhattisgarh, providing doctor consultations, diagnostics, pharmacy services, and surgical referrals.The fresh funds will be used to enhance CureBay’s technology infrastructure and expand its rural healthcare network. The company is also looking to strengthen its proprietary technology stack, expand into new geographies including Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh, and invest in workflow automation and predictive care tools tailored to rural healthcare needs.
Between Oct 2022 and Dec 2023, CureBay had attracted about USD 14 M from Elevar Equity, Sanjay Swain, Priyadarshi Mohapatra, Chandrasekaran, Ramdas Mullath, Siddhartha das and Vasant Nangia.
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