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§ Private Profile · Bhubaneshwar, India
A tech-enabled phygital healthcare platform delivering affordable healthcare services for rural and underserved regions in India.
Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain, CureBay is a tech-enabled phygital healthcare platform based in Odisha, India, that delivers teleconsultations, diagnostics, and pharmacy services to rural and underserved regions. The company operates a hybrid network of over 120 eClinics and employs 259 staff members to facilitate medical access for populations lacking traditional healthcare infrastructure. This integrated delivery model serves a customer base of more than 175,000 patients across medically underserved districts in Odisha, Chhattisgarh, and Jharkhand. Operating as a venture-backed enterprise, the organization generated over two point two crore rupees in revenue during the 2024 fiscal year while expanding its surgical concierge offerings and annual health memberships. To support its regional expansion efforts, the company has raised more than thirty-four million dollars in venture funding through its Series B stage.
CureBay has raised $34.0M across 3 funding rounds.
CureBay has raised $34.0M in total across 3 funding rounds.
CureBay has raised $34.0M across 3 funding rounds. Most recently, it raised $21.0M Series B in May 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2025 | $21M Series B | — | Elevar Equity, Kunal Shah | Announced |
| Jan 1, 2024 | $7M Series A | Elevar Equity | Kunal Shah | Announced |
| Nov 1, 2022 | $6M Series A | — | Elevar Equity, Kunal Shah | Announced |
CureBay has raised $34.0M in total across 3 funding rounds.
CureBay's investors include Elevar Equity, Kunal Shah.
CureBay is a Bangalore‑based phygital (physical + digital) healthcare platform that builds and operates a full‑stack primary‑care ecosystem to expand access to affordable, quality healthcare in rural and underserved parts of India.[5][2]
High‑Level Overview
As a product company, CureBay builds and operates eClinics, trains local health workers (Swasthya Mitras), provides teleconsultations, diagnostics, pharmacy delivery and hospital referrals to rural populations—serving patients who lack convenient access to primary and preventive care and solving the problem of fragmented, unreliable rural healthcare access and supply chains.[1][2] The company reports growing footprint and usage (150+ eClinics and hundreds of thousands of patients served according to investor writeups), indicating early scale and traction in its target states.[1][2]
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick take: CureBay’s strength is its pragmatic phygital approach—embedding low‑cost physical touchpoints into communities while leveraging digital clinical and operational infrastructure—to address a large, underserved TAM in rural India; success will hinge on execution at scale, unit economics, and partnership with payers and public health systems.[2][1]
Sources: CureBay corporate site and investor/company profiles and writeups used above provide the basis for the statements in this profile.[5][2][1][3][4]