Apollo Hospitals Enterprise, India’s largest private healthcare group, expects its digital healthcare platform Apollo 24/7 to turn around in 6-8 quarters, led by healthy growth of gross merchandise value (GMV) or the total value of sales over a certain period of time.
In the nine months ended December of FY24, the GMV of Apollo 24/7 grew by 91% to 2,006 crore. The company expects to clock GMV of 2,800 crore by end of FY24, and around 60-70% growth in FY25. To achieve higher GMV, Apollo will be adding more services such as digital therapeutics, insurance distribution and monetisation of its digital assets.
“The key is to grow the GMV… we are planning on how it can grow to 7,000 crore-8,000 crore over the next 6-8 quarters, at which point of time, we will see breaking even,” said Krishnan Akhileswaran, group chief financial officer of Apollo Hospitals.
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