Care24
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Care24 - overview
Established
2014
Location
Mumbai, -, India
Primary Industry
Healthcare
About
Care24 is a leading home healthcare provider in India, delivering personalized medical and wellness services to clients in urban areas. Their offerings cater to diverse health needs, focusing on quality and safety in patient care. Care24, founded in 2014 in Mumbai, India, specializes in providing home healthcare services. The company was acquired by Human Life Management Inc.
on January 27, 2022, enabling further expansion in Southeast Asia. Vipin Pathak serves as both Founder and CEO, leading the company through its strategic growth. Care24 offers a comprehensive range of home healthcare services, including in-home nursing, patient attendants, physiotherapy, elderly care, and childcare. Their team consists of certified caregivers and skilled nurses, trained to meet various health conditions.
Services are available in major urban markets like Mumbai, Delhi-NCR, Bangalore, Noida, Gurgaon, Thane, and Faridabad, ensuring that clients receive tailored healthcare solutions to meet their specific needs. In the most recent year, 2022, Care24 reported a revenue of INR 1,036,441. 70 and an EBITDA of INR 472,889. 90 for 2023.
The company's revenue model supports both direct-to-consumer and business-to-business services, providing transparent pricing aligned with the type of healthcare service required. Following the acquisition by Human Life Management Inc. in January 2022, Care24 plans to enhance its service offerings in India and expand its operations across Southeast Asia. The recent funding from the Series A round, amounting to INR 143.
18 mn, will be utilized to develop new healthcare products and facilitate entry into new markets, specifically targeting expansion into Southeast Asian countries by leveraging the combined resources and capabilities of the parent company.
Current Investors
SAIF Partners, Dream Incubator, India Quotient
Primary Industry
Healthcare
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living
Website
www.care24.co.in
Total Amount Raised
Subscriber access only
Care24 - financials
| Fiscal Year Ended | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,611,791 | 1,791,506 | 21,113,252 | 37,224,675 | 55,614,063 | 82,355,691 | 68,764,891 | - | - | - |
| % Revenue Growth (YoY) | - | (61.2%) | 1078.5% | 76.3% | 49.4% | 48.1% | (16.5%) | - | - | - |
| EBITDA (USD) | 674,806 | (63,460,070) | (138,526,382) | (76,794,143) | (42,348,940) | (39,848,664) | (28,249,049) | - | - | - |
| Operating Income (USD) | 654,325 | (63,878,878) | (140,316,154) | (78,444,981) | (43,236,106) | (40,371,360) | (28,820,683) | - | - | - |
| Operating Margin | 14.2% | (3565.7%) | (664.6%) | (210.7%) | (77.7%) | (49.0%) | (41.9%) | - | - | - |
| % EBITDA Margin | 14.6% | (3542.3%) | (656.1%) | (206.3%) | (76.1%) | (48.4%) | (41.1%) | - | - | - |
| NET Income (USD) | 407,486 | (62,242,249) | (139,838,851) | (78,289,961) | (43,002,736) | (40,182,118) | (28,605,589) | - | - | - |
| % Net Margin | 8.8% | (3474.3%) | (662.3%) | (210.3%) | (77.3%) | (48.8%) | (41.6%) | - | - | - |
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