CureBay raises ₹100 crore in Pre-Series C led by IvyCap ventures

Rural healthcare technology company CureBay has raised around Rs 100 crore in a pre-Series C funding round to expand its healthcare delivery network across India and deepen investments in artificial intelligence (AI) and proprietary technology.

The round comprises Rs 69 crore in equity led by IvyCap Ventures and over Rs 30 crore in debt from Trifecta Capital, Alteria Capital and VentureSoul Partners. The fresh capital will support the Bhubaneswar-headquartered company's expansion into new markets, including Andhra Pradesh, and strengthen its technology-enabled clinic network for screening, health risk assessment and clinical decision-making. 

Founded in 2021 by our 1997 batch alumnus Priyadarshi Mohapatra and Shobhan Mohapatra from the 2002 batch along with their CTO Sanjay Swain, CureBay has developed India's first integrated rural healthcare operating system, combining physical healthcare infrastructure with digital technology and a community-based network to address gaps in access to medical services in underserved areas.

IvyCap Ventures, a leading VC is founded by our 1997 batch alumnus Vikram Gupta with more than Rs.6,000 crores in assets under management, Some of the prominent portfolio companies include Purplle, BlueStone, Snitch, Miko and Biryani By Kilo.