Diagnostic Startup Healthians Reports Rs 45 Crore Loss In FY24, Revenue Up 8%
Healthians’ revenue from operations stood at `243 crore in FY24, from `224 crore in FY23
Diagnostic Startup Healthians Reports Rs 45 Crore Loss In FY24, Revenue Up 8%
New Delhi: Diagnostic startup Healthians clocked Rs45 crore loss in the financial year that ended March 31, 2024 (FY24), while registering a modest 8 per cent (year-on-year) growth.
Healthians’ revenue from operations stood at Rs243 crore in FY24, from Rs224 crore in FY23, as per its consolidated financials.
The Deepak Sahni-run diagnostic platform controlled spending on advertising and employee benefits last fiscal, helping the company achieve EBITDA breakeven.
The platform earned Rs240.5 core from laboratories for pathological tests in FY24.
It allocated 40 per cent of its overall burn to employee benefits, which dropped to Rs120 crore in FY24 against Rs136 crore in FY23, read its financials. It spent Rs1.23 to earn a rupee in FY24.
As per the data, the cost of material consumed, rent, Information technology, and other overheads took the overall expenditure to Rs298 crore last fiscal.
As per startup data intelligence platform TheKredible, Healthians has secured around $80 million in funding to date, led by WestBridge Capital.
The platform earns 90 per cent of revenue from diagnostics services, and 10 per cent from the sales of supplements and other ancillary services, as per reports.
