Nirvasa Healthcare’s Remarkable Journey to 100 Crore Annual Revenue in Four Years
Nirvasa Healthcare, India’s First Multi-Specialty Digital Health Clinic, has achieved a remarkable milestone by achieving 100 crores in Annual Recurring Revenue (ARR) within a short span of 50 months. The company’s exponential growth of 250% in FY23 has revolutionized the digital healthcare landscape in India, setting a new standard for rapid progress in the industry.
The Nirvasa journey is a testament to the power of innovation and perseverance. Established in 2019, the company swiftly captured the attention of many by achieving an impressive Annual Recurring Revenue (ARR) of INR 100 Crores in a remarkably short time. Despite the challenges posed by the pandemic, Nirvasa turned adversity into opportunity as the trust in digital health consultations surged. From a modest number of 100 consultations in 2019 to an astounding 10,000+ daily consultations in 2023, Nirvasa witnessed an extraordinary 250% revenue climb between 2022 and 2023.
“The Digital Health market in India is projected to witness a remarkable growth rate of 20.40% from 2023 to 2027, leading to a substantial market volume of US$25.64 billion by 2027. Against this backdrop of tremendous potential, we take immense pride in achieving the incredible milestone of 100 crores ARR in just 50 months. This achievement stands as a testimony to the unwavering dedication and hard work of our dynamic team, comprising over 1000+ employees, as well as the unwavering trust bestowed upon us by our stakeholders, consumers, and well-wishers,” said Amitoz Singh, the Founder and CEO of Nirvasa.
As India’s First Multi-Specialty Digital Health Clinic, Nirvasa caters to a primary target audience of individuals aged between 18 and 35 across the country. This includes tech-savvy individuals, busy professionals, people with limited mobility, and those residing in remote areas who seek the convenience and accessibility of online healthcare services.
With over 200 doctors and health experts spanning 5 specialties and 23 categories, Nirvasa ensures that each patient receives ongoing care throughout their healthcare journey. The platform enables patients to access virtual consultations, receive tailored treatment plans, and obtain expert guidance, all from the comfort of their homes.
The future holds even greater promise for Nirvasa. Embracing innovation further, Nirvasa will be launching a new health app for self-assessment in August 2023, empowering individuals to proactively manage their health. Recognizing the significance of a skilled workforce in their journey, Nirvasa expanded its team by hiring an additional 500 employees last quarter. With such formidable strides, Nirvasa reaffirms its position as a leading force in the digital healthcare industry.