# CureBay raises ₹100 cr to expand rural clinics, add AI

2026-10-22T06:07:21+00:00 | Technology | Indian Opinion Desk

Corroboration: 2 independent outlets

Healthtech startup CureBay has raised around ₹100 crore in a pre-Series C round, with over ₹69 crore in equity led by IvyCap Ventures and ₹30 crore in debt from Trifecta Capital, Alteria Capital and VentureSoul Partners. Co-founder and CEO Priyadarshi Mohapatra said the funds will be used to expand into Andhra Pradesh and Telangana, strengthen its AI screening products, and grow its network of rural clinics from 250 to 800 over the next two to three years. The startup closed FY26 with an annual recurring revenue of nearly ₹170 crore and aims to double that in FY27 while maintaining an operating EBITDA break-even. CureBay claims to have served over 12 lakh patients across 4,500 pincodes in Odisha, Chhattisgarh, Jharkhand and Bihar. The company remains loss-making at the company level but expects profitability once it reaches a stable operating scale.

## Indian Opinion Analysis

Both inc42 and ET report the ₹100 Cr pre-Series C round for CureBay with near-identical details: equity led by IvyCap Ventures and debt from Trifecta Capital, Alteria Capital and VentureSoul Partners. Inc42 provides fuller operational figures, including ARR of ₹170 Cr for FY26, the target to double that in FY27 and the aim to break even at an EBITDA level. ET focuses more tightly on the fundraise and expansion into Andhra Pradesh. Neither outlet carries government-critical or pro-government framing, the coverage is uniformly straight reporting from the startup’s own disclosures. The key open point is whether CureBay can double its ARR and sustain operating EBITDA gains while entering loss-making new geographies.

## Coverage

Coverage: 2 sources, 2 neutral
- inc42.com (neutral report) <https://inc42.com/buzz/curebay-bags-%E2%82%B9100-cr-to-scale-rural-clinics-network-enhance-ai-screening-offerings/>
  Straight startup-funding report with operational metrics
- economictimes.indiatimes.com (neutral report) <https://economictimes.indiatimes.com/tech/startups/healthtech-startup-curebay-raises-rs-100-crore-funding-led-by-ivycap-ventures/articleshow/135095724.cms>
  Concise fundraise story, no deviation from company line

This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry.

Tags: CureBay, IvyCap Ventures
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Cite: https://indianopinion.org/curebay-raises-rs100-cr-to-expand-rural-clinics-add-ai/#story-in-brief

How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/