Healthcare platform MediBuddy achieves break-even in FY24

by IANS |



New Delhi, April 17 (IANS) Digital healthcare platform MediBuddy on Wednesday said it reached break-even with a marginal loss as it closed the previous fiscal year (FY23-24), approaching towards EBITDA neutrality.


The company said its user base has witnessed a growth of 2.4 times over the last three years, serving close to 3 crore people with over 1 crore subscribers.


"By leveraging technology, MediBuddy’s platform enhances doctor-patient interactions. This commitment to innovation is fueling our remarkable growth and expanding healthcare access nationwide," said Satish Kannan, Co-founder and CEO, MediBuddy.


The company said its focus is now on exploring mergers and acquisitions (M&A) opportunities in key healthcare areas such as chronic disease management, mental health, diabetes, women's care, and weight management, backed by an $18 million capital pool.


The company has a network of over 90,000 doctors across more than 22 specialities, and over 7,100 hospitals and clinics


MediBuddy said it has also on-boarded over 10,000 hospitals and diagnostic centres for all radiology and pathology investigations.


"We empower doctors through our platform, offering accessible care via video consultations, hospital visits, clinics, pharmacy deliveries, and diagnostic services," said Kannan.



Latest News
OpenAI, UK's Financial Times ink content licensing deal Mon, Apr 29, 2024, 04:57 PM
Travel & tourism sector expected to add over 58 mn jobs in India by 2033: Report Mon, Apr 29, 2024, 04:54 PM
SC-ST communities no longer secure in country due to Congress' vote bank politics: PM Modi Mon, Apr 29, 2024, 04:53 PM
Fraudsters using Telangana Chief Secretary’s DP to make fake calls Mon, Apr 29, 2024, 04:51 PM
JKUM to support Apni Party candidate in Srinagar Lok Sabha seat Mon, Apr 29, 2024, 03:58 PM
Performing well in IPL doesn't guarantee automatic T20 WC selection: Irfan Pathan Mon, Apr 29, 2024, 03:55 PM
Two Ukrainians killed in Germany were servicemen, says Kyiv Mon, Apr 29, 2024, 03:47 PM
Congress fields Punjab unit chief against rebel MP Ravneet Bittu Mon, Apr 29, 2024, 03:46 PM
BJP nominee Rao Inderjit Singh files nomination from Gurugram Mon, Apr 29, 2024, 03:45 PM
Can you give responsibility of country to Congress Mon, Apr 29, 2024, 03:03 PM
Hamas delegation arrives in Cairo: Airport sources Mon, Apr 29, 2024, 02:59 PM
Petition filed in Calcutta HC against Abhishek Banerjee over anti-judiciary comments Mon, Apr 29, 2024, 02:48 PM
Viksit Bharat Ambassador: Participants hail initiative, feel proud to be citizens of fifth largest economy Mon, Apr 29, 2024, 02:43 PM
German military officer charged with spying for Russia goes on trial Mon, Apr 29, 2024, 02:29 PM
Australian PM calls leaders' meeting amid gendered violence crisis Mon, Apr 29, 2024, 02:29 PM