About CureBay
CureBay is a company based in Bhubaneswar (India) founded in 2020 by Shobhan Mahapatra, Sanjay Swain, and Priyadarshi Mohapatra.. CureBay has raised $35.37 million across 5 funding rounds from investors including InCred Capital, British International Investment and Bertelsmann India Investments. The company has 42 employees as of April 06, 2024. CureBay operates in a competitive market with competitors including MediBuddy, Practo, API Holdings, Mfine and CallHealth, among others.
- Headquarter Bhubaneswar, India
- Employees 42 as on 06 Apr, 2024
- Founders Shobhan Mahapatra, Sanjay Swain, Priyadarshi Mohapatra
- Stage Minicorn
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Curebay Technologies Private Limited
- Date of Incorporation 25 Dec, 2020
- Jurisdiction Bhubaneswar, Orissa, India
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Annual Revenue
$209.68 K (USD)1859.37as on Mar 31, 2023
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Net Profit
$-1.69 M (USD)-185.74as on Mar 31, 2023
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EBITDA
$-1.78 M (USD)-217.71as on Mar 31, 2023
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Total Equity Funding
$35.37 M (USD)
in 5 rounds
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Latest Funding Round
$21 M (USD), Series B
May 20, 2025
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Investors
InCred Capital
& 30 more
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Employee Count
42
as on Apr 06, 2024
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Funding Insights of CureBay
CureBay has successfully raised a total of $35.37M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $21 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $21.0M
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First Round
First Round
(16 Sep 2022)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series B - CureBay | Valuation | Bertelsmann India Investments | |
| Jan, 2024 | Amount | Series A - CureBay | Valuation | Elevar Equity |
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| Aug, 2023 | Amount | Series A - CureBay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CureBay
CureBay has secured backing from 31 investors, including venture fund and angel investors. Prominent investors backing the company include InCred Capital, British International Investment and Bertelsmann India Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investing in early growth for inclusive businesses in education, healthcare, and e-commerce.
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Founded Year | Domain | Location | |
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Private debt firm
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Founded Year | Domain | Location | |
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Venture capital firm backed by Bertelsmann
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CureBay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CureBay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Curebay Comparisons
Competitors of CureBay
CureBay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MediBuddy, Practo, API Holdings, Mfine and CallHealth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering multiple healthcare services
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Digital healthcare tools are offered for pharmacies and clinics management.
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| domain | founded_year | HQ Location |
Provider of online doctor consultations, at-home lab tests, and health packages
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| domain | founded_year | HQ Location |
Integrated at-home healthcare services, including tele-consultation and diagnostics, are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Curebay
Frequently Asked Questions about CureBay
When was CureBay founded?
CureBay was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is CureBay located?
CureBay is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Who is the current CEO of CureBay?
Priyadarshi Mohapatra is the current CEO of CureBay. They have also founded this company.
Is CureBay a funded company?
CureBay is a funded company, having raised a total of $35.37M across 5 funding rounds to date. The company's 1st funding round was a Series A of $30.26K, raised on Sep 16, 2022.
How many employees does CureBay have?
As of Apr 06, 2024, the latest employee count at CureBay is 42.
What is the annual revenue of CureBay?
Annual revenue of CureBay is $209.68K as on Mar 31, 2023.
What does CureBay do?
CureBay was founded in 2020 in Bhubaneswar, India, as an online platform in the healthcare sector. Appointments are scheduled, teleconsultations are conducted, medicines are delivered, diagnostic needs are addressed, and admissions to partner hospitals are facilitated through a booking model and concierge support. Operations focus on patient accessibility in the region.
Who are the top competitors of CureBay?
CureBay's top competitors include MediBuddy, Practo and CallHealth.
Who are CureBay's investors?
CureBay has 31 investors. Key investors include InCred Capital, British International Investment, Bertelsmann India Investments, Elevar Equity, and Bikash Kumar Sarangi.
What is CureBay's valuation?
The valuation of CureBay is $20.49M as of Oct 2022.