Bhubaneswar-based rural healthtech company CureBay has raised close to ₹100 crore in a pre-Series C round as it prepares to take its tech-enabled primary care network into new states, beginning with Andhra Pradesh, and to deepen the artificial intelligence that sits underneath its clinics.

The round combines about ₹69 crore in equity, led by IvyCap Ventures with participation from existing investors, and more than ₹30 crore in venture debt from Trifecta Capital, Alteria Capital and VentureSoul Partners.

A full-stack model for rural care

Founded in Bhubaneswar in 2021 by Priyadarshi Mohapatra, Shobhan Mahapatra and Sanjay Swain, CureBay set out to bring primary healthcare closer to families in small towns and villages. Instead of building another consumer app, the company has assembled what it describes as a six-layer system: IoT-enabled eClinics, a network of community health workers called Swasthya Mitras, a connected digital platform, AI-based screening and risk alerts, a round-the-clock command centre, and CureBay Kavach, a low-cost annual care membership.

Patients visiting a CureBay eClinic typically consult a doctor over video, with on-site staff assisting, and can access medicines, diagnostic tests and surgery facilitation through the same network. Kavach, launched at under ₹50 a month, is designed to nudge families towards preventive check-ups while covering parts of consultation, diagnostics, medicines and hospitalisation costs.

Scale so far

CureBay currently operates in seven states through more than 250 technology-enabled clinics. Its network includes over 1,800 Swasthya Mitras, around 530 trained clinical staff, 230 partner doctors and 210 partner hospitals and laboratories. The company says it has served more than 17 lakh patients and runs over 400 health camps every month. It has also been named the healthcare partner for the Government of India’s Samriddhi Kendra initiative.

Where the money goes

The fresh capital will fund expansion into new markets, starting with Andhra Pradesh, and further investment in proprietary technology. A key focus is what CureBay calls its Intelligence Layer, which supports patient screening, risk assessment, health insights and clinical decision-making. The company is also investing in GPUs and training its own models for screening and risk prediction.

“Rural India needs an end-to-end healthcare system rather than just another app,” said Priyadarshi Mohapatra, Founder and CEO of CureBay. “This capital lets us take that operating system to more states and make our AI do the heavy lifting, so that every family gets the right care at the right time, close to home.”

Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, said the combination of technology and a strong on-ground healthcare network makes CureBay’s model compelling as India works to widen access to quality care across Bharat.

Why it matters

Rural India still carries a disproportionate share of the country’s disease burden while specialists and diagnostics remain concentrated in cities. Hybrid models that pair a physical clinic and a trusted local health worker with teleconsultation and AI-assisted triage are emerging as one of the more practical ways to close that gap. CureBay’s raise signals continued investor appetite for such phygital primary care, and its push to build in-house AI for screening points to where the next round of differentiation in rural healthtech is likely to come from.

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