CureBay, a health-tech startup focused on enhancing rural healthcare access in India, has secured $21 million in a funding round led by Bertelsmann India Investments. This investment underscores the growing interest in innovative health-tech solutions that bridge digital and physical healthcare services.
Strategic Expansion and Impact
Founded in 2021, CureBay operates a hybrid healthcare model combining technology with a network of eClinics and trained local health workers, known as Swasthya Mitras. This approach has enabled the company to serve approximately 55,000 patients each quarter and enroll 18,000 members in its subscription-based healthcare plans.
Currently, CureBay reaches over 18 million people across Odisha and Chhattisgarh, with plans to expand its services to 100 million rural residents across 16 regions in six states, including Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh.
Technological Advancements
The company is developing one of India's largest rural health databases, leveraging AI and data monetization strategies. Through its AI-powered healthcare ecosystem, CureBay Quantum, the platform analyzes rural health trends, enabling targeted outreach and personalized care.
Financial Performance
CureBay has recorded an eightfold increase in Gross Merchandise Value (GMV) during the first half of FY25 compared to the same period in FY24. The company has reached an Annual Recurring Revenue (ARR) of ₹1,284 million and aims to achieve ₹2,000 million by March 2025.
This funding round follows a previous investment of ₹62 crore in January 2024, led by Elevar Equity, which supported CureBay's expansion and technological enhancements.
With the new capital infusion, CureBay plans to further expand its network of eClinics, enhance its technological capabilities, and deepen its penetration into underserved markets, reinforcing its commitment to delivering affordable and high-quality healthcare to rural India
Source: The Economic Times
#healthcarestartupfundingindia #dseidehealthcarenetwork
Strategic Expansion and Impact
Founded in 2021, CureBay operates a hybrid healthcare model combining technology with a network of eClinics and trained local health workers, known as Swasthya Mitras. This approach has enabled the company to serve approximately 55,000 patients each quarter and enroll 18,000 members in its subscription-based healthcare plans.
Currently, CureBay reaches over 18 million people across Odisha and Chhattisgarh, with plans to expand its services to 100 million rural residents across 16 regions in six states, including Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh.
Technological Advancements
The company is developing one of India's largest rural health databases, leveraging AI and data monetization strategies. Through its AI-powered healthcare ecosystem, CureBay Quantum, the platform analyzes rural health trends, enabling targeted outreach and personalized care.
Financial Performance
CureBay has recorded an eightfold increase in Gross Merchandise Value (GMV) during the first half of FY25 compared to the same period in FY24. The company has reached an Annual Recurring Revenue (ARR) of ₹1,284 million and aims to achieve ₹2,000 million by March 2025.
This funding round follows a previous investment of ₹62 crore in January 2024, led by Elevar Equity, which supported CureBay's expansion and technological enhancements.
With the new capital infusion, CureBay plans to further expand its network of eClinics, enhance its technological capabilities, and deepen its penetration into underserved markets, reinforcing its commitment to delivering affordable and high-quality healthcare to rural India
Source: The Economic Times
#healthcarestartupfundingindia #dseidehealthcarenetwork
CureBay, a health-tech startup focused on enhancing rural healthcare access in India, has secured $21 million in a funding round led by Bertelsmann India Investments. This investment underscores the growing interest in innovative health-tech solutions that bridge digital and physical healthcare services.
Strategic Expansion and Impact
Founded in 2021, CureBay operates a hybrid healthcare model combining technology with a network of eClinics and trained local health workers, known as Swasthya Mitras. This approach has enabled the company to serve approximately 55,000 patients each quarter and enroll 18,000 members in its subscription-based healthcare plans.
Currently, CureBay reaches over 18 million people across Odisha and Chhattisgarh, with plans to expand its services to 100 million rural residents across 16 regions in six states, including Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh.
Technological Advancements
The company is developing one of India's largest rural health databases, leveraging AI and data monetization strategies. Through its AI-powered healthcare ecosystem, CureBay Quantum, the platform analyzes rural health trends, enabling targeted outreach and personalized care.
Financial Performance
CureBay has recorded an eightfold increase in Gross Merchandise Value (GMV) during the first half of FY25 compared to the same period in FY24. The company has reached an Annual Recurring Revenue (ARR) of ₹1,284 million and aims to achieve ₹2,000 million by March 2025.
This funding round follows a previous investment of ₹62 crore in January 2024, led by Elevar Equity, which supported CureBay's expansion and technological enhancements.
With the new capital infusion, CureBay plans to further expand its network of eClinics, enhance its technological capabilities, and deepen its penetration into underserved markets, reinforcing its commitment to delivering affordable and high-quality healthcare to rural India
Source: The Economic Times
#healthcarestartupfundingindia #dseidehealthcarenetwork
