Elevar Equity leads Rs 50 Cr Series A round in CureBay

Bhubaneswar-based health-tech platform CureBay has raised Rs 50 crore in a Series A funding round led by Elevar Equity.

CureBay will deploy the fresh funds into acquiring skilled talent, expanding to new locations, and strengthening the tech platform & care delivery model, CureBay said in a press release.

CureBay plans to launch 100 eClinics in the next 12 months.

Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mohapatra and Sanjay Swain, CureBay enables the last-mile distribution of primary healthcare services by leveraging technology and a network of eClinics that make healthcare accessible to people in small towns and villages. The platform uses a hybrid model to schedule appointments, provide teleconsultations, deliver medicine, address the diagnostic needs of patients, and facilitate admission for tertiary care at partner hospitals via a transparent booking model and concierge services.

CureBay claims to have 15 eClinics across multiple remote districts and villages of Odisha and has helped over 10,000 patients in areas where immediate medical facilities are not available.

Led by Sandeep Farias and Johanna Posada, Bengaluru-based Elevar Equity has deployed $210 million in capital across five funds, and in 44 companies.