CureBay Strengthens Its Position in Healthcare with Saveo Healthtech Acquisition

CureBay, a hybrid healthcare platform, has expanded its operations by acquiring the pharmaceutical distribution division of Saveo Healthtech for an undisclosed sum. This acquisition encompasses Saveo’s extensive network, which serves over 10,000 retail pharmacies across southern India. The agreement also includes distribution hubs located in Bengaluru and Hyderabad, along with procurement capabilities and an advanced tech-enabled ordering platform.

Enhancing Operations with Saveo’s Infrastructure

CureBay aims to seamlessly integrate Saveo’s distribution system with its current healthcare network, which is anticipated to enhance fulfillment cycles and provide better visibility of inventory. Founded by Priyadarshi Mohapatra, CureBay has established a network of over 190 eClinics throughout 15,000 villages, successfully serving more than one million patients. The services offered by the company include teleconsultation, diagnostics, pharmacy access, and referral services through a hybrid approach that combines both physical centres and digital technology.

Transitioning Towards a Full-Stack Healthcare Model

With this strategic acquisition, CureBay is evolving towards a comprehensive healthcare model that incorporates medicine distribution into its primary services. The firm has reportedly finalized most of the integration processes and is currently rolling out combined operations in selected markets.

In May of the previous year, CureBay successfully raised $21 million during its Series B funding round, led by Bertelsmann India Investments, achieving a valuation of approximately $75 million.