New Delhi, Oct. 22 -- CureBay, a healthcare technology startup focused on rural India, has raised approximately Rs.100 crore in a Pre-Series C funding round led by IvyCap Ventures, with the capital earmarked for expansion and investment in artificial intelligence (AI) and technology capabilities.

The round comprises Rs.69 crore in equity, led by IvyCap Ventures alongside existing investors, and more than Rs.30 crore in debt from Trifecta Capital, Alteria Capital and VentureSoul Partners.

Founded in 2021, CureBay operates more than 250 technology-enabled clinics across seven states and has served over 17 lakh patients, according to the company. It plans to use the fresh capital to expand into new markets, including Andhra Pradesh, and st...