Health-tech startup MediBuddy eyes profit in FY25

Healthtech platform MediBuddy expects to turn profitable in the next financial year, following several years of widening losses, said Satish Kannan, the company’s co-founder and chief executive officer.“This year the focus is to turn Ebitda neutral and then continue to keep growing from there. By FY25, we will be fully profitable,” Kannan told Fe. In FY22, the company’s net loss expanded to Rs. 249.3 crores, up from Rs. 102.8 crores in the preceding financial year, as reported by Private Circle data.

Despite piling losses, the company’s topline had recorded strong year-on-year growth over the past few years, driven by the pandemic-induced boom in digital healthcare services.