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MediBuddy’s FY23 loss jumps 24% to INR 321.7 Cr as business grows

Inc42 · 1y

Bengaluru-based healthtech startup MediBuddy reported a net loss of INR 321.7 Cr in FY23, a 24% increase compared to the previous fiscal year. However, the company's operating revenue saw a growth of 27.2% to INR 297.7 Cr during the same period. MediBuddy offers video consultations, lab test bookings, and medicine ordering services. The total expenses of the company increased by over 30%, with the cost of materials consumed being the largest contributor. MediBuddy has raised funds from investors like Quadria Capital, Lightrock India, and Bessemer Venture Partners.