VC Fund Investments
Rural-India focused health-tech co CureBay raises Rs.50-Cr from Elevar Equity
Puri, Odisha-based CureBay, a health-tech platform focused on bringing affordable healthcare to patients in rural India, has raised INR 50 crore in a Series A funding round led by Elevar Equity. InteQuant Advisors acted as the exclusive financial advisor for the transaction. Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain, CureBay enables last-mile distribution of primary healthcare services by leveraging technology and a network of eClinics that make quality healthcare accessible to people in small towns and villages. CureBay has 15 eClinics across Odisha and claims to have helped over 10,000 patients in areas where medical facilities are not easily available. The new capital will be used to acquire talent, expand to new locations, and further strengthen the tech platform and care delivery model. The company plans to launch 100 eClinics in the next 12 months.
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