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MediBuddy’s Revenues Rose by 58% in FY22, While Losses Were Close to Rs 250 Crore

The MediBuddy corporation increased subscription membership fees by an extra Rs 13.26 crore, pushing total expenditure up by around 90% to Rs 486 crore in FY22 from Rs 256.6 crore the prior fiscal year (FY21). Overall losses rose by 2.4X to Rs 249 crore in FY22. <br>Throughout the course of the year, MediBuddy spent Rs. 2.08 to make just one rupee.

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MediBuddy’s Revenues Rose by 58% in FY22, While Losses Were Close to Rs 250 Crore

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  1. Search here ...  MediBuddy’s Revenues Rose by 58% in FY22, While Losses Were Close to Rs 250 Crore    Home - Fund Raising - MediBuddy’s Revenues Rose by 58% in FY22, While Losses Were Close to Rs 250 Crore   Fund Raising  December 21, 2022       

  2. MediBuddy and DocsApp’s successful merger resulted in the combined company receiving $165 million since its announcement in June 2020.    The company’s size hasn’t kept up with the spiralling losses, which increased 2.4X and exceeded Rs 250 crore in FY22, despite the sizable 몭nancing round.   The operational income for MediBuddy jumped by 58.5% to Rs 234 crore in FY22 from Rs 147.6 crore in the prior 몭scal year (FY21), according to the company’s annual 몭nancial records 몭led with the Registrar of Companies (RoC).   The brand name MediBuddy is shared by both MediBuddy and DocsApp. It is a digital healthcare platform that provides medicine delivery, lab testing, surgery, insurance, and in-person and online doctor consultations.    The company’s revenue from interest on deposits and investment gains decreased by 45% to Rs 3.28 crore in FY22, bringing total revenue to Rs 237 crore.    Moving on to costs, the Chennai-based company’s largest cost area was money spent on purchasing materials; it accounted for 40.2% of total costs, which rose 75.3% to Rs 195.22 crore in FY22.   In FY22, the expenditure on advertising and promotion surged 6.8X to Rs 119.5 crore from Rs 17.5 crore in the prior 몭scal year (FY21).    Amitabh Bachchan, a Bollywood star, was also chosen by MediBuddy as its brand ambassador at the conclusion of the previous 몭scal year.   MediBuddy’s employee bene몭t costs were the same in both years at Rs 58 crore, while the cost of legal and professional fees increased 2X to Rs 49.62 crore in FY22.    The cost of the merger procedure appears to be the cause of the rise in legal and professional fees.   Numerous businesses, including Lybrate, Practo, mFine, 1mg, and DoctorInsta, compete with MediBuddy.    1mg, which is supported by Tata Digital, increased its size by 2X to Rs 627 crore in FY22.  

  3. Summary    The MediBuddy corporation increased subscription membership fees by an extra Rs 13.26 crore, pushing total expenditure up by around 90% to Rs 486 crore in FY22 from Rs 256.6 crore the prior 몭scal year (FY21). Overall losses rose by 2.4X to Rs 249 crore in FY22.    Throughout the course of the year, MediBuddy spent Rs. 2.08 to make just one rupee.   You can share this post!         Previous article HDFC Bank shares ends unchanged despite a buy call from BoFA  Related Articles Leave a Reply Your email address will not be published. Required 몭elds are marked * Comment *

  4. Name * Email * POST COMMENT Search here ...  Latest Update RECENT POPULAR COMMON  December 21, 2022 MediBuddy’s Revenues Rose by 58% in FY22, While Losses Were Close to Rs 250 Crore    December 21, 2022 HDFC Bank shares ends unchanged despite a buy call from BoFA   December 21, 2022 With Diverse Tastebuds, Cadbury Co-Creates Madbury  December 20, 2022 Aquaconnect Receives a $15 Million Series A

  5. Investment from Lok Capital  Most Viewed  December 14, 2022 In A Seed Funding Round, Contlo Raises $3.5 Million    December 14, 2022 Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations   December 16, 2022 Bharat Krushi Seva Receives INR 43 Million in Startup Money from Renowned Investors   November 21, 2022 BJP’s Manoj Tiwari Demands Investigation for Those Meeting Satyendar Jain in Jail   December 15, 2022 As UltraTech Cement Announces a Big Plan, Shares Reach a 52-Week High 

  6.  December 12, 2022 Switch To CEAT SecuraDrive With Aamir Khan  Most Reviews RECENT POPULAR COMMON  December 21, 2022 MediBuddy’s Revenues Rose by 58% in FY22, While Losses Were Close to Rs 250 Crore    December 21, 2022 HDFC Bank shares ends unchanged despite a buy call from BoFA   December 21, 2022 With Diverse Tastebuds, Cadbury Co-Creates Madbury

  7. Newsletter Subscribe to our mailing list to get the new updates!  Subscribe our newsletter to stay updated Your email address  About Indiabiz Recent Post  December 21, 2022 MediBuddy’s Revenues Rose by 58% in FY22, While Losses Were Close to Rs 250 Crore  

  8.  December 21, 2022 HDFC Bank shares ends unchanged despite a buy call from BoFA   December 21, 2022 With Diverse Tastebuds, Cadbury Co-Creates Madbury Popular Categories Trending Post Campaigns Digital Media In A Seed Funding Round, Contlo Raises $3.5 Million   Fund Raising Marketing Markets Politics Startups Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations  Bharat Krushi Seva Receives INR 43 Million in Startup Money from Renowned Investors  © Copyright Indiabiz.live 2022. Designed and Developed by Indiabiz

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