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Lytus Healthcare launched to transform patient care in India
Company positioned to build on revenue growth momentum
Secures strategic financing to fuel next-generation technology expansion
Mumbai, India, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Lytus Technologies Holdings, Ltd. (NASDAQ:LYT), a leader in platform services and next-generation technology, is strengthening its position in the high-growth HealthTech sector through Lytus Healthcare, its fully owned subsidiary that is dedicated to revolutionizing patient care and healthcare accessibility in India.
With India's healthcare sector projected to grow at a 22% CAGR, Lytus Healthcare aims to bridge critical gaps in service delivery by integrating AI-driven patient management solutions with personalized, technology-enabled care pathways. The initiative aligns with Lytus' broader strategy of leveraging digital innovation to enhance essential services across its growing subscriber base of over 4 million users.
Building Momentum through Strategic Expansion
Lytus recently reported 26% revenue growth for the first half of FY2025, reflecting increased adoption of its digital platform services and strategic expansion efforts. The company continues to strengthen its portfolio across fintech, AI, and digital services while exploring new markets and revenue streams.
"Our strong revenue growth is a testament to Lytus' ability to execute on its vision and seize market opportunities," added Pandya. "We are committed to sustainable growth while investing in next-generation solutions that enhance both customer experience and shareholder value."
Strategic Financing to Support Expansion
To support its expansion initiatives, Lytus has entered into a Standby Equity Purchase Agreement (SEPA). Under this agreement, Lytus has access up to $100 million to deploy in its businesses as growth capital over the next three years.
An initial $6 million in funding has already been secured under the SEPA, providing Lytus with the flexibility to scale operations, expand its digital ecosystem, and advance HealthTech innovations.
"This financing enhances our ability to invest in high-growth sectors while maintaining operational agility," Pandya noted. "As we build on our technology-driven approach, we remain focused on creating long-term value for our shareholders and stakeholders."
Posted In: LYT
