CureBay records 8x growth in GMV during H1 FY25 compared to H1 FY24, ET HealthWorld
Delhi: CureBay has recorded an 8x growth in GMV during H1 FY25 compared to H1 FY24. The company has reached an annual recurring revenue (ARR) of Rs 1,284 million and is on track to achieve Rs 2,000 million by March 2025, driving meaningful impact in India’s $45 billion rural healthcare market.
“What we’re witnessing is not just growth in numbers, but a fundamental transformation in rural healthcare delivery,” said Priyadarshi Mohapatra, Founder and CEO, CureBay. “Our network of world-class e-Clinics, powered by an intelligent tech platform and operated by trained, certified health workers, has profiled over 1.4 million patients, with a 20 per cent conversion rate into active users. Additionally, 14 per cent of these users have adopted preventive care memberships, reflecting the strong trust and engagement we’ve built in these communities. Achieving operational profitability in the Puri Circle of Odisha affirms our vision of delivering quality healthcare to every village, demonstrating that rural India is prepared to embrace technology-driven healthcare solutions.”
The company continues to grow steadily, serving approximately 55,000 patients each quarter and enrolling 18,000 members in its subscription-based healthcare plans. Currently reaching over 18 million people across Odisha and Chhattisgarh, the company aims to extend its services to 100 million rural residents across 16 regions in six states: Odisha, Chhattisgarh, Jharkhand, Bihar, Uttar Pradesh, and Madhya Pradesh. To support this vision, the company is developing one of India’s largest rural health databases, leveraging AI and data monetisation strategies, attracting interest from global healthcare platforms for data-sharing collaborations.Through a hybrid healthcare model integrating micro-satellite centres, Swasthya Mitras, and a network of skilled providers, CureBay ensures that even remote communities can access timely medical services. The company’s eClinics serve as strategically positioned hubs, equipped to offer basic check-ups, first aid, health education, diagnostics, and referrals. Trained local health workers, known as Swasthya Mitras, connect residents with medical consultations, diagnostics, and pharmacy services while creating economic opportunities for themselves.
The company’s impact at the grassroots level is already evident in the Puri Circle of Odisha, where it covers 13 per cent of the catchment population. The company’s entry into new states, such as Chhattisgarh, reaffirms its commitment to delivering affordable and high-quality healthcare to traditionally underserved areas. Through CureBay Quantum—its AI-powered healthcare ecosystem—the organisation provides deep insights into rural health trends, facilitating targeted outreach and personalised care. By integrating cohort analysis with disease demographics, the company’s advanced technology platform fine-tunes healthcare interventions, improving health outcomes while enhancing operational efficiency.
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