š¤Funding Raised: CureBay, a startup focused on remote primary healthcare, secured Rs 62 crore in a Series A funding round led by Elevar Equity, along with contributions from existing investors, founders, and the leadership team.
šExpansion Plans: CureBay plans to significantly expand its reach by increasing the number of clinics from 90 to over 200 in Odisha and Chhattisgarh. Moreover, it aims to enter the market in Jharkhand.
šCEO's Vision: Priyadarshi Mohapatra, the startup's founder and chief executive, highlighted the expansion strategy, emphasizing the growth in clinic count and entry into new regions.
šInvestor's Perspective: Jyotsna Krishnan, Managing Partner at Elevar Equity, expressed confidence in CureBay's model, emphasizing the need for affordable healthcare in rural areas. The investor sees potential in CureBay's technology-augmented distribution model to serve millions in medically under-served regions.
šCompany Achievements: Founded in 2021, CureBay has already made significant progress, connecting over 1 lakh patients in under-served areas with healthcare providers through its tech-based approach.
šCurrent Reach: Currently, CureBay's clinics cover nearly 32,000 villages in Odisha and Chhattisgarh, catering to the healthcare needs of these regions.
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