CureBay, a healthcare platform focused on rural areas, has raised $21 million in its Series B funding round. The round was led by Bertelsmann India Investments, with support from Elevar Equity and British International Investment (BII), the UK’s development finance group.
The new funds will help CureBay improve its technology and grow its healthcare network in rural areas across several Indian states. The company plans to strengthen its technology, expand into new areas like Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh, and invest in tools that automate tasks and predict healthcare needs specific to rural areas.
CureBay was founded in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra, and Sanjay Swain. It runs over 150 eClinics in Odisha and Chhattisgarh, offering doctor consultations, diagnostic services, pharmacy services, and surgical referrals. Based in Odisha, the company has helped around 550,000 patients and employs over 1,000 workers known as Swasthya Mitras.
“We are focused on addressing healthcare access challenges in underserved regions,” said Priyadarshi Mohapatra, Founder and CEO of CureBay. “The funding will support the next phase of our scale-up, including technology development, team building, and operational expansion.”
Mohapatra said, “It’s a myth that rural India can’t pay. They spend more on average than urban India. Their issue is access, not affordability.”
“They get lured into clinics that promise quick treatment, pay money, and often get subpar care. That’s the reason they avoid traveling for care,” he said.
To help with this, CureBay has introduced a concierge service. When rural patients are sent to larger hospitals, the company makes sure someone is there to welcome them, guide them like a family doctor, and help them through what can often be a stressful experience.
CureBay uses a mix of in-person clinics and a digital platform to deliver care. Their model combines doctor visits, diagnostic tests, medicine delivery, and referrals to bigger hospitals in one system. The company’s clinic network works in a “circle” model, where local services like logistics, diagnostics, and nearby medical networks support each group of clinics.
“While most rural solutions remain fragmented, CureBay uniquely delivers the full continuum of care under one platform —seamlessly integrating consultations, diagnostics, pharmacy access, and surgeries through its tech-enabled eClinics and robust partner network,” said Pankaj Makkar, Managing Director, Bertelsmann India Investments.
“This investment reflects Bertelsmann India’s strong commitment to supporting mission-driven companies that are transforming Bharat, with CureBay making quality healthcare both accessible and affordable for rural communities,” he added.
Even though CureBay’s model requires a lot of human involvement, the company is financially strong. Each clinic network, or “circle,” breaks even in 18 to 20 months, and the full investment is paid back, including any losses, by the 30th month. The first clinic networks in Puri and Balasore are already covering their costs.
The company has helped over 500,000 patients and successfully moved more than 100,000 people in rural areas to preventive care through a subscription service—something few city-based healthcare models have done. The service has a 60% renewal rate, showing that patients trust and keep using it.
“Even urban India hasn’t cracked preventive care. But we’ve been able to guide rural patients into that journey,” said Mohapatra.
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