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E-clinics chain CureBay bags another $7.5M and more digital health fundings in India

Jan 26, 2024almost 2 years ago

Amount Raised

$7.5 Million

BhubaneshwarHealth Care

Investors

Elevar Equity

Description

CureBay scored another $7.5 million in funding as part of a Series A round led by Elevar Equity. The additional funds will be used to invest in their membership program by hiring over 200 data scientists and experts in pharmacy and diagnostics. It will also help drive their expansion activities, targeting to increase their e-clinics across underserved communities in India to 200 from over 90 at present.

Company Information

Company

CureBay

Location

Bhubaneshwar, Odisha, India

About

CureBay is on a mission to transform patient experiences in underserved markets by bridging critical gaps in primary healthcare. Through a hybrid healthcare and fulfilment model, CureBay digitally connects patients with healthcare providers and ecosystem partners, delivering care via a robust 3-tier system of Hubs, Spokes, and a network of satellite health centres.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers