Bhubaneswar-based CureBay, a rural healthcare startup has raised Rs 100 crore funding in a Pre-Series C round led by IvyCap Ventures, which included both equity and debt funding to expand CureBay's healthcare footprint in the Indian market. The company will be entering into Andhra Pradesh and strengthen its technology and artificial intelligence capabilities to enhance health screening, patient insights and clinical decision making.

Key Highlights

• CureBay raised Rs 100 crore in Pre-Series C funding led by IvyCap Ventures to expand rural healthcare services.

• The startup operates over 250 clinics across seven states and plans to enter Andhra Pradesh while strengthening AI capabilities.

Bhubaneswar-based CureBay Secures Rs 100 Crore Funding By Equity and Debt

The Pre-Series C round includes equity of Rs 69 crore from IvyCap Ventures and existing investors as well as debt of over Rs 30 crore contributed by Trifecta Capital, Alteria Capital and VentureSoul Partners.

The new funds will be deployed to build on its technology capabilities and to grow its operations in areas of the country where it is underrepresented, while also bolstering its AI capabilities in the healthcare space. The expansion in Andhra Pradesh is part of its overall effort to enhance healthcare service delivery to rural India.

CureBay Operates Over 250 Clinics Across Seven States

Established in 2021 by Priyadarshi Mohapatra, Shobhan Mohapatra and Sanjay Swain, healthcare platform CureBay has a network of tech-enabled clinics that provide community access to healthcare facilities. It provides doctors' visits, prescriptions, diagnostic procedures, surgical assistance and annual health memberships.

It has over 250 clinics in seven states, with over 1,800 Swasthya Mitras, 530 trained clinical staff, 230 doctor partners and over 210 partner hospitals and labs. CureBay has been providing services to more than 17 lakh patients and has organized more than 400 health camps each month.

The six-layer rural healthcare model that was implemented by it involves physical clinics, community health worker network, a digital platform, an AI-powered screening process, a 24/7 command centre and CureBay Kavach. The integrated approach aims to bring patients in areas of non-access to healthcare, diagnostic services and treatment facilities together with healthcare professionals.

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CureBay Plans to Strengthen AI-Powered Healthcare Services

In addition to geographic expansion, CureBay will be investing in artificial intelligence and technology to improve screening, patient understanding, and clinical decision making. The skills will be expected to facilitate its technologically driven delivery of healthcare services to rural populations.

The company additionally works with government plans to broaden health care access. It has been named the healthcare partner of Samriddhi Kendra, an initiative of the Government of India.

CureBay's Previous Funding and Investor Backing

CureBay last raised $21 million in a Series B funding round in May 2025, led by Bertelsmann India Investments. Existing investor Elevar Equity and British International Investment also participated in that round.

The last funding round, which CureBay led in May 2025, was a Series B round in which Bertelsmann India Investments invested $21 million. In that round, Elevar Equity also participated, as well as British International Investment, which is an existing investor.