MediBuddy posts marginal loss in FY24, reaches close to break-even point

MediBuddy posts marginal loss in FY24, reaches close to break-even point

Digital healthcare platform MediBuddy on Wednesday said it is reaching break-even point as it recorded a marginal loss in FY24.

This will further strengthen the company's position as the country's fastest-growing digital healthcare company, it said in a statement.

The platform's focus is now on exploring M&A (merger & acquisition) opportunities in key healthcare areas such as chronic disease management, mental health, diabetes, women's care, and weight management, backed by a USD 18 million capital pool dedicated to these investments, it added.

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

The platform has a network of over 90,000 doctors and over 7,100 hospitals across the country.