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CureBay raises about $10.6M in pre-Series C round

The Indian healthtech company secured equity and debt to expand regional clinics and AI tooling.

OSH Desk1 min read

CureBay, a healthcare provider connecting patients in underserved regions through local clinics and a digital platform, has raised around ₹100 crore (about $10.6 million) in pre-Series C financing on Oct. 22 [1]. The transaction comprises more than ₹69 crore in equity alongside roughly ₹30 crore in debt [1].

IvyCap Ventures led the equity portion of the round [1]. Debt financing came from Trifecta Capital, Alteria Capital, and VentureSoul Partners [1]. The company finished FY26 generating an annual recurring revenue of nearly ₹170 crore [1].

Based in Odisha, CureBay currently maintains clinical operations across Odisha, Chhattisgarh, Jharkhand, and Bihar [1]. The startup stated that the proceeds will support geographical expansion, reinforce its distribution setup, and fund investments in artificial intelligence and core technology infrastructure [1]. Priyadarshi Mohapatra, cofounder and CEO of CureBay, noted that the business intends to broaden its service catalog while expanding reach [1].

Questions and answers

How much capital did CureBay raise?

CureBay raised around ₹100 crore (about $10.6 million), which includes more than ₹69 crore in equity and approximately ₹30 crore in debt.

Who led the financing round?

IvyCap Ventures led the equity portion, with debt supplied by Trifecta Capital, Alteria Capital, and VentureSoul Partners.

Where does CureBay operate?

The company operates across Odisha, Chhattisgarh, Jharkhand, and Bihar.

TopicsVenture debtGrowth roundsPre-seed & seed

Companies & investors in this story

Sources

  1. 1.CureBay Bags ₹100 Cr To Scale Rural Clinics Network, Enhance AI Screening Offerings — Inc42, Oct 22, 2026

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