Medikabazaar Slips Into Red, Posts INR 20.8 Cr Loss In FY22
28 March 2023
Mumbai-based B2B healthcare supply chain startup Medikabazaar slipped into the red in the financial year ending March 31, 2023. The CDC-backed soonicorn startup reported a net loss of INR 20.8 Cr in the financial year 2021-22 (FY22) as against a net profit of INR 61 Lakh in FY21. Though the startup reported a loss in FY22, revenue from operations jumped over 3X or 175% to INR 1,552.5 Cr from INR 564.7 Cr in FY21.
Mumbai-based B2B healthcare supply chain startup Medikabazaar slipped into the red in the financial year ending March 31, 2023. The CDC-backed soonicorn startup reported a net loss of INR 20.8 Cr in the financial year 2021-22 (FY22) as against a net profit of INR 61 Lakh in FY21. Though the startup reported a loss in FY22, revenue from operations jumped over 3X or 175% to INR 1,552.5 Cr from INR 564.7 Cr in FY21.
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