HomeStartupMediBuddy’s FY23 Loss Jumps 24% To Rs 321 Cr, revenue up 27%

MediBuddy’s FY23 Loss Jumps 24% To Rs 321 Cr, revenue up 27%

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How the MediBuddy-Razorpay partnership generated 16 percent growth,  month-on-month for the healthcare platform
  1. MediBuddy’s operating revenue grew 27.2% to INR 297.7 Cr during the year under review from INR 234.1 Cr in FY22
  2. Total expenses jumped over 30% to INR 648.9 Cr in FY23, with the cost of materials consumed being the single biggest contributor at 35%
  3. MediBuddy, founded in 2015, offers video consultations with doctors, and helps in booking lab tests and ordering medicines
  4. Medibuddy has raised total $192M in funding & was valued $428M in June 2023
SourceEntrackr

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