Livlong, a leading provider of comprehensive healthcare solutions operating in both Health and Insurtech segments, has reported a revenue growth of 140% to stand at a total of Rs 163.6 crore in FY 2023-24.

The company, which offers a one-stop solution for diverse healthcare needs, had posted a revenue of Rs 68 crore in the previous year, FY 2022-23, it said in an official release on September 21.

Going ahead, Livlong anticipates 40-50% Y-o-Y growth in FY 2024-25, driven by sustained profitability. Livlong aims to double its revenue by FY 2026-27, fueled by strategic diversification of revenue streams and enhanced brand recognition while maintaining profitability, according to the release.

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Gaurav Dubey, Founder & CEO, Livlong, said, “We are thrilled with our financial performance in FY 2023-24, which reflects our commitment to delivering innovative healthcare solutions. While we have specific volume and revenue goals, we aspire to position ourselves as a leading player in the Industry by revenue. We plan to enhance patient care through our innovative features – OPD benefit wallets, micro market products catering to micro market, scan and pay anywhere, co-pay plans, claims servicing, healthcare financing expansion and augmented elder care products.”

As part of Insurtech initiative, Livlong is focusing on health insurance distribution extending its reach to beyond Tier-1 markets making affordable healthcare accessible to the masses.

“Our projections for the coming years are ambitious, and we are confident that our strategic plans will drive continued growth and success,” he added.

Livlong is strategically expanding its operations to address the growing demand for comprehensive healthcare across India.

As Livlong continues to innovate and expand its healthcare offerings, its commitment to providing accessible, affordable, and comprehensive healthcare solutions remains steadfast, the company said.

Livlong’s business units focus on reaching underserved regions of India aligns with its vision of creating a healthier and more equitable future for all.