Latest news with #CureBay
Time of India
26-05-2025
- Business
- Time of India
21 Indian startups raise $139.5 million this week
Indian startups raised USD 139.5 million this week across 21 deals -- reflecting continued investor confidence despite broader market uncertainties. This week's funding activity featured five growth-stage and 13 early-stage deals, with three startups choosing to keep their funding amounts private. Delhi-NCR emerged as the leading region with eight deals, followed by Bengaluru with four. Startups from Mumbai, Chennai, Bhubaneswar, and Ahmedabad also featured in this week's funding round-up. Fintech dominated the sector-wise distribution with three deals, followed by strong performances from e-commerce and media and entertainment. Other sectors like deep tech, AI, health tech, and cybersecurity also drew interest -- showcasing the wide appeal of India's tech landscape. Seed funding dominated this week with eight deals, followed by investments across Series A, B, and D stages, indicating that investors are actively backing both new ideas and scaling businesses. In the growth and late-stage segment, startups brought in USD 65.75 million. Healthtech startup CureBay led the charge with a Series B round backed by Bertelsmann India Investments. Cybersecurity firm CloudSEK followed with a USD 19 million Series B round, while electric vehicle maker Euler Motors raised USD 15 million in another tranche of its USD 60 million round. Fintech players Dvara KGFS and Borderless (Stockal) also secured funding. On the early-stage side, startups collectively raised USD 73.75 million. Among them, Mythik -- launched by entrepreneur Jason Kothari -- stood out with a USD 15 million seed round. Other early-stage winners included deep tech firm ALT Carbon, AI startup Biostate AI, and SaaS platform Data Sutram. However, PierSight, BlackCarrot, and The Sock Street did not disclose their funding amounts. The average funding over the past eight weeks stood at USD 216.99 million across 25 deals per week. Meanwhile, in the previous week, Indian startups collectively raised around USD 194.22 million across 28 deals. The funding in the last week included nine growth and late-stage rounds and 18 early-stage deals, while one startup chose not to disclose its funding amount.
New Indian Express
25-05-2025
- Business
- New Indian Express
CureBay raises USD 21 million to expand national footprint
BHUBANESWAR: CureBay, an Odisha-based hybrid healthcare platform, has raised USD 21 million to strengthen its in-house technology stack and expand its footprint to new states. The fresh raise of CureBay under its series B round funding from Bertelsmann India Investment is a significant milestone for the startup to build infrastructure for rural health by driving equity, access and innovations across under-served geographies in the country, officials said. They said the latest capital infusion will be utilised for strengthening of CureBay's in-house proprietary technology stack and expansion to lead the equitable healthcare movement in the country. The startup operates 150 plus eClinics across Odisha and Chhattisgarh and has served around 5.5 lakh patients by utilising its AI and data capabilities for improving predictive care and operational efficiency. It is planning to expand its footprint to new states including Jharkhand, Bihar, Uttar Pradesh and Madhya Pradesh. Its investment plan also includes upgrading proprietary algorithms and rural-first workflow automation tools that can one day be adapted for global healthcare. CureBay founder and CEO Priyadarshi Mohapatra said the fundraiser is a mandate to build India's trust infrastructure for rural health. 'The capital will help us scale technology, talent, and reach to bring dignified, affordable healthcare to the last mile,' Mohapatra added. Bertelsmann India Investments MD Pankaj Makkar said their investment reflects Bertelsmann India's strong commitment to supporting mission-driven companies that are transforming India.
Hans India
25-05-2025
- Business
- Hans India
21 Indian startups raise $139.5 million this week
Mumbai: Indian startups raised $139.5 million this week across 21 deals -- reflecting continued investor confidence despite broader market uncertainties. This week's funding activity featured five growth-stage and 13 early-stage deals, with three startups choosing to keep their funding amounts private. Delhi-NCR emerged as the leading region with eight deals, followed by Bengaluru with four. Startups from Mumbai, Chennai, Bhubaneswar, and Ahmedabad also featured in this week's funding round-up. Fintech dominated the sector-wise distribution with three deals, followed by strong performances from e-commerce and media and entertainment. Other sectors like deep tech, AI, health tech, and cybersecurity also drew interest -- showcasing the wide appeal of India's tech landscape. Seed funding dominated this week with eight deals, followed by investments across Series A, B, and D stages, indicating that investors are actively backing both new ideas and scaling businesses. In the growth and late-stage segment, startups brought in $65.75 million. Healthtech startup CureBay led the charge with a Series B round backed by Bertelsmann India Investments. Cybersecurity firm CloudSEK followed with a $19 million Series B round, while electric vehicle maker Euler Motors raised $15 million in another tranche of its $60 million round. Fintech players Dvara KGFS and Borderless (Stockal) also secured funding. On the early-stage side, startups collectively raised $73.75 million. Among them, Mythik -- launched by entrepreneur Jason Kothari -- stood out with a $15 million seed round. Other early-stage winners included deep tech firm ALT Carbon, AI startup Biostate AI, and SaaS platform Data Sutram. However, PierSight, BlackCarrot, and The Sock Street did not disclose their funding amounts. The average funding over the past eight weeks stood at $216.99 million across 25 deals per week. Meanwhile, in the previous week, Indian startups collectively raised around $194.22 million across 28 deals. The funding in the last week included nine growth and late-stage rounds and 18 early-stage deals, while one startup chose not to disclose its funding amount.
Entrepreneur
20-05-2025
- Business
- Entrepreneur
CureBay Raises USD 21 Mn Series B to Scale Rural Healthcare Delivery
The Series B round was led by Bertelsmann India Investments, with continued support from existing investors Elevar Equity and British International Investment. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. CureBay, a hybrid healthcare platform focused on rural India, has raised USD 21 million in a Series B funding round led by Bertelsmann India Investments. The round also saw participation from existing investors Elevar Equity and British International Investment. The capital will be deployed to strengthen CureBay's proprietary tech stack and fuel its expansion into new states such as Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh. The company plans to invest in AI-driven platform upgrades, rural-first workflow automation tools, and proprietary algorithms that support predictive healthcare and operational efficiency. "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." Founded in 2021 by Priyadarshi Mohapatra, Shobhan Mohapatra, and Sanjay Swain, CureBay was created to bridge the healthcare gap in rural India, where doctor access is limited, and hospital visits often lead to income loss and exploitation by healthcare brokers. "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," Mohapatra explained. To address this, CureBay provides concierge-style support for rural patients referred to tertiary hospitals. A dedicated assistant accompanies them—like a trusted family doctor—ensuring they receive the right treatment without confusion or exploitation. CureBay's hybrid model combines tech-enabled eClinics with a digital infrastructure that offers doctor consultations, diagnostics, pharmacy delivery, and referrals—all under one platform. Its unique "circle" clinic network is supported by integrated logistics, local diagnostics, and medical partnerships. "While most rural solutions remain fragmented, CureBay uniquely delivers the full continuum of care under one platform," said Pankaj Makkar, Managing Director, Bertelsmann India Investments. "This investment reflects our commitment to mission-driven companies transforming Bharat." CureBay operates over 150 eClinics across Odisha and Chhattisgarh, delivering affordable and accessible healthcare to rural households. Its preventive care program has 90,000 active members with a renewal rate exceeding 60%. The company reported that its Balasore and Puri circles have achieved operational profitability, showcasing the viability of its rural-first healthcare model.
Time of India
20-05-2025
- Business
- Time of India
Health-tech startup CureBay raises $21 million in round led by Bertelsmann India
Tech-first hybrid healthcare platform, CureBay, has raised $21 million in a new round of funding, which was led by Bertelsmann India Investments. The round also saw British International Investment (BII) and existing investor Elevar Equity participate. Launched in 2021, CureBay is an Odisha-based company that aims to provide affordable healthcare services to rural India. Using the funds, it plans to expand its footprint to states like Jharkhand, Bihar, Uttar Pradesh and Madhya Pradesh. Currently, it has a network of over 150 e-clinics across Odisha and Chhattisgarh. 'The latest capital infusion will be deployed to strengthen CureBay's in-house, proprietary technology stack and expansion across India, while building the right teams to drive its next phase of growth,' the company said in a statement. Besides, the company will invest in artificial intelligence (AI) and data capabilities for predictive care. 'With an active network of 150+ eClinics and 1,000+ Swasthya Mitras, we are solving for Bharat, where a large part of the population still lacks access to dependable care. The capital will help us scale technology, talent, and reach to bring dignified, affordable healthcare to the last mile,' said Priyadarshi Mohapatra, founder and CEO of CureBay, in the statement. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories CureBay's e-clinics are satellite clinics located in remote rural locations. These are designed to be asset-light and assistant health care. These clinics have a pharmacist and nurse, along with a few medical devices and point-of-care tests. 'Broadly, (it takes) about Rs 8.5 lakh to set up a clinic. A cluster of 50 clinics will break even in about 18-20 months. Currently, out of the three clusters that we operate in Odisha, two have broken even,' Mohapatra told ET. CureBay operates on a hybrid model, which has been implemented across 32 districts in Odisha and Chhattisgarh and has served over 5.5 lakh patients since inception. 'We're excited to partner with CureBay as it builds a differentiated, ecosystem-driven approach to rural healthcare in India,' said Pankaj Makkar, managing director of Bertelsmann India Investments, in the statement.
