CureBay Raises $21M to Expand Rural Healthcare India

CureBay, a healthtech startup specializing in rural healthcare access in India, has raised $21 million in a Series B funding round led by Bertelsmann India Investments, with participation from Elevar Equity and British International Investment. The capital will be used to enhance CureBay's proprietary technology, including AI-driven platform upgrades and rural-first workflow automation, and to expand operations into new states such as Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh. Founded in 2021, CureBay operates a hybrid model combining tech-enabled eClinics and digital infrastructure to provide doctor consultations, diagnostics, pharmacy delivery, and concierge services, with over 150 eClinics and a network of more than 1,000 health workers called Swasthya Mitras. The company aims to address healthcare access challenges in underserved rural regions, reducing exploitation and improving patient outcomes through predictive healthcare algorithms and operational efficiency. CureBay has served over 5.5 lakh patients across Odisha and Chhattisgarh and plans to scale its technology, talent, and reach to deliver dignified, affordable healthcare to the last mile. Despite rapid growth in operating income, the company continues to report losses as it invests in expansion and technology development.