Well being-tech startup CureBay raises ₹50 crore in Sequence A funding led by Elevar Fairness

• CureBay will use the funds to accumulate expert expertise, increase to new areas and additional strengthen the tech platform and care supply mannequin.
• Odisha-based CureBay affords inexpensive healthcare companies for rural areas.

CureBay, an Odisha-based health-tech startup on Wednesday stated that it had raised ₹50 crore in a Sequence A funding spherical led by Elevar Fairness, a US-based personal fairness agency.

CureBay plans on launching 100 eClinics within the subsequent twelve months and can use the funds raised to accumulate expert expertise, increase to new areas and additional strengthen the tech platform and care supply mannequin. CureBay presently has 15 eClinics throughout distant districts and villages in Odisha, which has reportedly helped over 10,000 sufferers.

“The capital will allow the subsequent section of growth and assist reinforce our place within the nation,” stated Priyadarshi Mohapatra, founder and chief govt officer, CureBay.

Based in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain, CureBay affords inexpensive healthcare companies for rural areas. It permits last-mile distribution of main healthcare companies by leveraging its eClinics and expertise, making healthcare accessible in small cities and villages.

“With CureBay, we intend to empower the healthcare system and make it accessible to sufferers who lack info and correct medical assets. Our hybrid mannequin helps in overcoming the challenges of skewed patient-provider ratios and the focus of suppliers in a number of city pockets,” added Priyadarshi Mohapatra.

CureBay’s hybrid mannequin

CureBay makes use of a hybrid mannequin to supply main healthcare companies. It permits customers to schedule appointments, supplies teleconsultations, delivers drugs, affords diagnostic companies and supplies admission of sufferers for tertiary care with its accomplice hospitals by a reserving mannequin.

CureBay hires skilled healthcare employees at its clinics who help walk-in sufferers in connecting with city-based docs for consultations. The eClinics additionally supply diagnostic companies by accomplice labs and ship medicines.

“We at Elevar Fairness have lengthy held the view that rural healthcare platforms should be custom-designed for this market. CureBay’s blended distribution mannequin with assisted tech is well-positioned to deal with an enormous hole – tens of millions of shoppers are desirous to pay for high quality healthcare in medically underserved areas,” stated Jyotsna Krishnan, managing accomplice, Elevar Fairness.

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