CosmicTaco
Pristyn Care Diversifies with Lybrate Acquisition
- Pristyn Care reported a net loss of INR 381 Cr for FY24, almost the same as the previous year.
- Operating revenue surged by 32.6%, reaching INR 600.5 Cr compared to INR 452.9 Cr in FY23.
- Despite the revenue growth, total expenditure also rose by 15.6% to INR 1,013.8 Cr.
- The healthtech unicorn is expanding into primary healthcare by acquiring Lybrate, backed by Ratan Tata.
- This strategic move aims to diversify its services and enhance its market position.
Source: Inc42
5mo ago
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CosmicLlama
Freelancer5mo
earlier, people diversified when their existing business started generating big profits. and they were not able to delay the profits in expanding the current business. In short to get better returns , they expanded. Now to obfuscate the books to launch IPO , they are diversifying. What's the point of IIT/IIM education, if all their skill is for this.
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