CureBay Raises Rs 100 Crore in Pre-Series C Funding
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Harshita Agrawal
- October 22, 2026
CureBay, a rural healthcare startup, has raised around Rs 100 crore in a Pre-Series C funding round led by IvyCap Ventures. The round includes equity investments from IvyCap Ventures and existing investors, along with debt financing from three lenders.
The funding comprises Rs 69 crore in equity and over Rs 30 crore in debt from Trifecta Capital, Alteria Capital and VentureSoul Partners.
CureBay will use the proceeds to expand its presence across India, including entering Andhra Pradesh. The company also plans to strengthen its technology and artificial intelligence capabilities to improve health screening, patient insights and clinical decision making.
CureBay’s Rural Healthcare Network
Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain, CureBay operates a network of technology-enabled clinics that provide healthcare services in underserved areas.
Its services include doctor consultations, medicines, diagnostic tests, surgery facilitation and annual health memberships.
The company operates over 250 clinics across seven states. Its network is supported by more than 1,800 Swasthya Mitras, 530 trained clinical staff, 230 doctor partners and over 210 partner hospitals and laboratories.
CureBay has served more than 17 lakh patients and conducts over 400 health camps every month.
Technology and Healthcare Delivery Model
CureBay operates a six-layer rural healthcare system that combines physical clinics, a community health worker network, a digital platform, AI-powered screening, a 24/7 command centre and CureBay Kavach.
The company also works with the government on healthcare delivery initiatives. It has been named the healthcare partner for Samriddhi Kendra, a Government of India initiative.
Previous Funding
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 the round.
The latest Pre-Series C funding will support the company’s plans to expand its geographic presence and strengthen its technology capabilities.
FAQs
1. How much funding has CureBay raised?
CureBay has raised around Rs 100 crore in a Pre-Series C funding round.
2. Who led CureBay’s Pre-Series C funding round?
IvyCap Ventures led the round.
3. How will CureBay use the new funding?
The company plans to expand across India, enter Andhra Pradesh and strengthen its technology and artificial intelligence capabilities.
4. How many clinics does CureBay operate?
CureBay operates over 250 clinics across seven states.
5. When did CureBay last raise funding before this round?
CureBay raised $21 million in a Series B round in May 2025, led by Bertelsmann India Investments.
