Indian e-clinic startup Curebay has won $21 million in the Series B funding round led by Bertelsmann India Investment. Elevar Equity and British International Investment also participated in the fundraising event.
Since its launch in 2021, the company currently has over 150 rural e-clinics in Odisha and Chhattisgarh, with over 1,000 community health workers or employed. Swastia Mitratrained to promote teleco cultivation, diagnostic testing, medical order and delivery, hospitalization and concierge services. CureBay offers preventive health services packages with approximately 90,000 active subscribers.
What is that for?
CureBay is equipped with new funding and will deploy its own AI-driven algorithms to enable workflow automation and enhance prediction capabilities for rural e-Clinic networks. Startups have already integrated machine learning, generator AI, and Internet of Things diagnostics into their technology platforms.
“The capital will help expand technology, talent and reach to bring dignified, affordable healthcare to the final miles,” added founder and CEO Priyadarshi Mohapatra.
CureBay has raised and networked more than $13 million in Series A funding in two rounds over the past three years. The goal is to set up 200 electronic clinics in rural India.
Market Snapshot
Indian health technology startups are attracting the most investments in recent years as they develop or integrate AI into their technology stack. For example, medical imaging startups Qure.ai raised $65 million in Series D funding in September, while dermatology startup Cureskin raked $20 million in Series B funding in March last year.
Cruelseeks to enter more international markets with the latest $8 million investment to provide contactless vital sign monitoring and alerting systems with AI.
Kauvery Hospital has provided private funding to remote patient monitoring system developers through its investment arm Healthcare Capital A lifesign that helps to enhance AI and prediction algorithm capabilities.
Early this year, Brainsight AI, which develops an AI-powered brain mapping platform, won $5 million in funding before the series, while Consint.ai, which offers AI-driven insurance technology solutions, raised $500,000 in seed funding.
