CureBay, a primary healthcare services startup focused underserved, untapped regions of India, has secured Rs 62 Cr to expand access to remote regions in need of Doctors and nursing care.
CureBay has set a growth target to expand its clinic count from 90 to over 200 across Odisha and Chhattisgarh and also enter Jharkhand, founder and chief executive Priyadarshi Mohapatra stated.
The health-tech startup said in a statement that it will use the fund to continue creating access to high quality and affordable healthcare in under-served locations, build an intelligent and robust health data platform, and hire over 200 professionals including data scientists and healthcare experts.
Jyotsna Krishnan, Managing Partner at Elevar Equity, said, rural households aspire to have affordable access to healthcare services, and CureBay’s blended distribution model, augmented with technology, is well-positioned to serve millions of customers in medically under-served locations who are eager to pay for timely, quality healthcare.
CureBay Connects 1 Lakh Plus Patients
Founded in 2021, CureBay says it has connected over 1 lakh patients in under-served areas with healthcare providers through its tech-based model. Currently, its clinics cover nearly 32,000 villages in Odisha and Chhattisgarh.
CureBay aims to bridge the gap of considerable shortage of healthcare providers (1 doctor per 12,000 people in public healthcare against a WHO recommended ratio of 1 doctor per 1,000 and for nurses it is 1:600 against 1:300 recommended). It claims availability of healthcare is skewed towards urban population – just 28% of Indian population. This leaves the remaining 72% of Indian semi-urban and rural population with very few reliable sources of healthcare.
The Series A funding round was led by Elevar Equity, existing investors, as well as its founders and leadership team members.
