Odisha-based healthtech startup CureBay has raised Rs 50 crore in a Series A funding round led by Elevar Equity.
As per the startup, the raised funds will be used for hiring, expanding to new locations, and strengthening its platform. The Odisha-based startup also plans to launch 100 e-clinics in the next 12 months, up from the present 15 such clinics.
CureBay | Affordable Healthcare Services
Founded by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain in 2021, CureBay enables affordable healthcare services and facilities for rural areas.
The healthtech startup uses a hybrid model to schedule appointments, provide teleconsultations, deliver medicine, address the diagnostic needs of patients, and facilitate admission for tertiary care at partner hospitals via a transparent booking model and concierge services.
Speaking about the development, Priyadarshi Mohapatra, Founder and CEO of CureBay, said,
“The healthcare ecosystem needs an innovative model that enables it to collaborate on a real-time basis to deliver health outcomes to patients across the country. With CureBay, we intend to empower the healthcare system and make it accessible to patients who lack information and proper medical resources.”
The Odisha-based healthtech startup is working with a vision to transform the patient experience in underserved markets by bridging the gap existing in primary healthcare.
As per the startup, its trained healthcare workers at the e-clinics assist walk-in patients and connect them with city-based doctors for video consultations. The patients also get access to a network of partner labs and hospitals for specialised treatment.
Commenting on the development, Jyotsna Krishnan, Managing Partner, Elevar Equity, said,
“We at Elevar Equity have long held the view that rural healthcare platforms need to be custom-designed for this market. CureBay’s blended distribution model with assisted tech is well positioned to address a massive gap – millions of customers are eager to pay for quality healthcare in medically underserved areas.”
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