Qure.ai - UnlistedMart

Qure.ai

qure.ai

•••• ••••

•••

Key Metrics of Qure.ai

Market Cap
Total Equity Funding ₹1,007 Cr in 9 rounds
Latest Funding Round —, Grant (prize money) Jan 22, 2026
Post Money Valuation ₹2,261 Cr as on Mar 22, 2025
Annual Revenue ₹190 Cr
▲ 24% YoYas on Mar 31, 2025
EBITDA -₹65 Cr
▼ 88% YoYas on Mar 31, 2025
EBITDA Margin -34.13%
▼ 52% YoYas on Mar 31, 2025
Net Profit ₹90 Cr (Loss)
▼ 89% YoYas on Mar 31, 2025
Net Profit Margin -47.46%
▼ 53% YoYas on Mar 31, 2025

About the Company

Developer of artificial intelligence software for medical imaging diagnostic analysis. This technology integrates with existing radiology hardware to identify abnormalities...

Price on BSE Volume

Funding Rounds

Total Rounds: 9 Qure.ai

S.No.	Date	Round Name	Amount	TTM Revenue	Investors & Facilitators
1.	Jan 22, 2026	Grant (prize money)	-	₹300 Cr	Inst: Gates
2.	Sep 23, 2024	Series D	₹543 Cr	₹172 Cr	Inst: 360 One, Merck Global Health Innovation Fund, Kae Capital, Novo Holdings, HealthQuad, TEAMFund, Lightspeed Venture Partners Facil: DC Advisory
3.	May 22, 2024	Series C	₹14 Cr	₹160 Cr	Inst: Merck Global Health Innovation Fund
4.	Jun 28, 2023	Grant (prize money)	-	₹107 Cr	Inst: C-CAMP
5.	2023	Grant (prize money)	-	₹44 Cr	Inst: ACT Grants
6.	Apr 29, 2022	Series C	-	₹44 Cr	Inst: Merck, Merck Sharp & Dohme
7.	Mar 29, 2022	Series C	₹303 Cr	₹39 Cr	Inst: MassMutual Ventures, HealthQuad, Novo Holdings, Merck, Akshat Greentech, TEAMFund Facil: Lincoln International
8.	Feb 23, 2022	Grant (prize money)	₹32 Cr	₹37 Cr	Inst: SBRI Healthcare
9.	Feb 24, 2020	Series B	₹115 Cr	₹1.3 Cr	Inst: MassMutual Ventures, Redwood Trust, Peak XV Partners Angel: Pranay, Rasesh, Don, Ajoy, Sankaranarayanan, Rajeswari, Parameswaran, Naushad, Sandeep, Natwar, Chiranjiv, Swetha, Gangaprasad, Bunty, Neema, Aparna, Satish, Reshma, Ammar, Hitiksha, Avinash, Divyaparvathy, Annu, John, Satish, Srikanth, Tarun, Ankit, Rohit, Sasank, Prashant

Financial Statements

Revenue - INR (Cr)

Net Profit/Loss - INR (Cr)

Select a year from the tabs

FY 24-25

FY 23-24

FY 22-23

FY 21-22

FY 20-21

FY 19-20

FY 18-19

FY 17-18

FY 16-17

Detailed Income Statement

FY 24-25 (in Cr)

190.4

175.5

Other income

14.9

279.2

Cost of materials consumed

19.3

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

133.2

Finance costs

1.9

22.0

102.9

Consumption of stores and spare parts

Power and fuel

Rent

1.8

Repairs to building

Repairs to machinery

Insurance

0.8

0.5

Printing stationery

0.5

Information technology expenses

18.2

Travelling conveyance

17.7

Legal professional charges

37.1

Directors sitting fees

Advertising promotional expenses

6.2

Impairment loss on financial assets

1.0

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.9

Miscellaneous expenses

13.7

Bank charges

0.3

CSR expenditure

Subscriptions Membership Fees

4.2

Total profit before exceptional items, extraordinary items and tax

(88.8)

Total profit before tax

(88.8)

1.6

Total profit (loss) for period from continuing operations

(90.4)

Total profit (loss) for period

(90.4)

Basic earning per equity share

(0.0)

Diluted earnings per equity share

(0.0)

Detailed Balance Sheet

FY 24-25 (in Cr)

553.5

(39.2)

592.8

16.5

576.3

553.5

147.2

45.6

78.2

Deferred tax assets (net)

2.6

Other non-current assets

20.7

406.3

Detailed Cash Flow Statement	FY 24-25 (in Cr)
Net cash from / (used in) operating activities	(96.7)
Net cash from / (used in) investing activities	(225.8)
Net cash from / (used) in financing activities	289.8
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(32.6)
Effect of exchange rate changes on cash and cash equivalents	0.4
Net increase / (decrease) in cash and cash equivalents	(32.3)
Cash and cash equivalents at the beginning of the year	67.7
Cash and cash equivalents at the end of the year	35.4

Detailed Income Statement

FY 23-24 (in Cr)

154.0

141.3

Other income

12.7

200.7

Cost of materials consumed

11.9

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

108.9

Finance costs

0.0

12.0

67.8

Consumption of stores and spare parts

Power and fuel

Rent

4.2

Repairs to building

Repairs to machinery

Insurance

0.6

0.3

Printing stationery

0.3

Information technology expenses

9.9

Travelling conveyance

11.5

Legal professional charges

28.9

Directors sitting fees

Advertising promotional expenses

3.8

Impairment loss on financial assets

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.2

Miscellaneous expenses

3.7

Bank charges

0.3

CSR expenditure

Subscriptions Membership Fees

4.2

Total profit before exceptional items, extraordinary items and tax

(46.7)

Total profit before tax

(46.7)

1.2

Total profit (loss) for period from continuing operations

(47.9)

Total profit (loss) for period

(47.9)

Basic earning per equity share

(0.0)

Diluted earnings per equity share

(0.0)

Detailed Balance Sheet

FY 23-24 (in Cr)

335.5

(93.7)

429.2

9.6

419.6

335.5

52.9

39.3

1.1

Deferred tax assets (net)

0.3

Other non-current assets

12.2

282.6

Detailed Cash Flow Statement	FY 23-24 (in Cr)
Net cash from / (used in) operating activities	(128.7)
Net cash from / (used in) investing activities	113.7
Net cash from / (used) in financing activities	0.5
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(14.5)
Effect of exchange rate changes on cash and cash equivalents	(0.5)
Net increase / (decrease) in cash and cash equivalents	(15.0)
Cash and cash equivalents at the beginning of the year	82.7
Cash and cash equivalents at the end of the year	67.7

Detailed Income Statement

FY 22-23 (in Cr)

91.3

169.1

Cost of materials consumed

39.2

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

65.3

Finance costs

6.9

57.7

Consumption of stores and spare parts

Power and fuel

Rent

2.5

Repairs to building

Repairs to machinery

Insurance

0.9

Rates and taxes excluding taxes on income

Printing stationery

0.1

Information technology expenses

3.5

Travelling conveyance

10.8

Legal professional charges

22.3

Directors sitting fees

Advertising promotional expenses

3.0

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.2

Miscellaneous expenses

7.8

Bank charges

0.1

CSR expenditure

Telephone postage

6.4

Total profit before exceptional items, extraordinary items and tax

(77.8)

Total profit before tax

(77.8)

0.1

Total profit (loss) for period from continuing operations

(77.8)

Total profit (loss) for period

(77.8)

Basic earning per equity share

(0.0)

Diluted earnings per equity share

(0.0)

Detailed Balance Sheet

FY 22-23 (in Cr)

364.6

(57.9)

422.5

1.9

420.6

364.6

33.4

31.4

Deferred tax assets (net)

0.2

Other non-current assets

1.8

331.2

Detailed Cash Flow Statement	FY 22-23 (in Cr)
Net cash from / (used in) operating activities	(60.0)
Net cash from / (used in) investing activities	(173.1)
Net cash from / (used) in financing activities	299.4
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	66.3
Effect of exchange rate changes on cash and cash equivalents	0.4
Net increase / (decrease) in cash and cash equivalents	66.7
Cash and cash equivalents at the beginning of the year	15.9
Cash and cash equivalents at the end of the year	82.7

Detailed Income Statement

FY 21-22 (in Cr)

39.3

62.8

Cost of materials consumed

9.5

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

29.5

Finance costs

5.5

18.3

Consumption of stores and spare parts	0
Power and fuel	0
Rent	0.4
Repairs to building	0
Repairs to machinery	0
Insurance	0.6
Rates and taxes excluding taxes on income	0
Printing stationery	0.0
Information technology expenses	0.1
Travelling conveyance	1.5
Legal professional charges	10.1
Directors sitting fees	0
Advertising promotional expenses	1.1
Loss on disposal of intangible asset	0
Loss on disposal discard demolishment and destruction of depreciable tangible asset	0
Payments to auditor	0
Miscellaneous expenses	0.6
Bank charges	0.1
CSR expenditure	0
Cost repairs maintenance other assets	0.0
Subscriptions Membership Fees	1.2
Telephone postage	2.6

Total profit before exceptional items, extraordinary items and tax

(23.4)

Total profit before tax

(23.4)

0.5

Total profit (loss) for period from continuing operations

(24.0)

Total profit (loss) for period

(24.0)

Basic earning per equity share

(0.0)

Diluted earnings per equity share

(0.0)

Detailed Balance Sheet

FY 21-22 (in Cr)

91.7

(9.9)

101.6

1.4

100.2

91.7

17.1

16.8

Deferred tax assets (net)

Other non-current assets

0.4

74.5

Detailed Cash Flow Statement	FY 21-22 (in Cr)
Net cash from / (used in) operating activities	(24.3)
Net cash from / (used in) investing activities	(14.0)
Net cash from / (used) in financing activities	0.5
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(37.8)
Effect of exchange rate changes on cash and cash equivalents	(0.0)
Net increase / (decrease) in cash and cash equivalents	(37.9)
Cash and cash equivalents at the beginning of the year	53.8
Cash and cash equivalents at the end of the year	15.9

Detailed Income Statement

FY 20-21 (in Cr)

12.4

32.3

Cost of materials consumed

0.2

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

16.9

Finance costs

4.0

11.3

Consumption of stores and spare parts

Power and fuel

Rent

Repairs to building

Repairs to machinery

Insurance

0.4

0.1

Printing stationery

0.0

Information technology expenses

0.3

Travelling conveyance

0.1

Legal professional charges

7.6

Directors sitting fees

Advertising promotional expenses

0.1

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.1

Miscellaneous expenses

1.1

Bank charges

0.0

CSR expenditure

Cost repairs maintenance other assets

0.0

Subscriptions Membership Fees

0.3

Telephone postage

1.2

Total profit before exceptional items, extraordinary items and tax

(20.0)

Total profit before tax

(20.0)

0.1

Total profit (loss) for period from continuing operations

(20.1)

Total profit (loss) for period

(20.1)

Basic earning per equity share

(0.0)

Diluted earnings per equity share

(0.0)

Detailed Balance Sheet

FY 20-21 (in Cr)

86.2

11.1

75.1

0.8

74.3

86.2

13.3

13.0

Other non-current assets

0.3

72.8

Detailed Cash Flow Statement	FY 20-21 (in Cr)
Net cash from / (used in) operating activities	(39.1)
Net cash from / (used in) investing activities	(4.9)
Net cash from / (used) in financing activities	22.4
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(21.6)
Effect of exchange rate changes on cash and cash equivalents	0.1
Net increase / (decrease) in cash and cash equivalents	(21.5)
Cash and cash equivalents at the beginning of the year	75.3
Cash and cash equivalents at the end of the year	53.8

Detailed Income Statement

FY 19-20 (in Cr)

1.3

29.2

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

12.3

Finance costs

0.1

2.0

14.8

Consumption of stores and spare parts

Power and fuel

Rent

Repairs to building

Repairs to machinery

Insurance

0.1

0.0

Printing stationery

0.0

Information technology expenses

0.1

Travelling conveyance

2.3

Legal professional charges

9.4

Directors sitting fees

Advertising promotional expenses

1.3

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

1.4

Bank charges

0.0

CSR expenditure

Cost repairs maintenance other assets

Subscriptions Membership Fees

Telephone postage

0.0

Total profit before exceptional items, extraordinary items and tax

(27.9)

Total profit before tax

(27.9)

Total profit (loss) for period from continuing operations

(27.9)

Total profit (loss) for period

(27.9)

Basic earning per equity share

(0.0)

Diluted earnings per equity share

(0.0)

Detailed Balance Sheet

FY 19-20 (in Cr)

99.0

19.5

79.5

52.2

27.3

99.0

9.7

9.6

Other non-current assets

0.1

89.3

Detailed Cash Flow Statement	FY 19-20 (in Cr)
Net cash from / (used in) operating activities	(7.6)
Net cash from / (used in) investing activities	(10.6)
Net cash from / (used) in financing activities	93.5
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	75.3
Effect of exchange rate changes on cash and cash equivalents	(0.4)
Net increase / (decrease) in cash and cash equivalents	74.9
Cash and cash equivalents at the beginning of the year	0.4
Cash and cash equivalents at the end of the year	75.3

Detailed Income Statement

FY 18-19 (in Cr)

0.8

11.4

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

6.9

Finance costs

0.9

3.6

Consumption of stores and spare parts

Power and fuel

Rent

Repairs to building

Repairs to machinery

Insurance

0.0

Rates and taxes excluding taxes on income

Printing stationery

0.0

Information technology expenses

0.0

Travelling conveyance

1.3

Legal professional charges

1.9

Directors sitting fees

Advertising promotional expenses

0.2

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

0.2

CSR expenditure

Telephone postage

0.0

Total profit before exceptional items, extraordinary items and tax

(10.6)

Total profit before tax

(10.6)

Total tax expense

Total profit (loss) for period from continuing operations

(10.6)

Total profit (loss) for period

(10.6)

Detailed Balance Sheet

FY 18-19 (in Cr)

11.7

5.1

6.6

0.2

6.4

11.7

6.3

Other non-current assets

5.3

Detailed Cash Flow Statement	FY 18-19 (in Cr)
Net cash from / (used in) operating activities	(4.2)
Net cash from / (used in) investing activities	(5.2)
Net cash from / (used) in financing activities	9.7
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	0.4
Net increase / (decrease) in cash and cash equivalents	0.4
Cash and cash equivalents at the beginning of the year	0.0
Cash and cash equivalents at the end of the year	0.4

Detailed Income Statement

FY 17-18 (in Cr)

0.0

Other income

0.0

Cost of materials consumed

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Employee benefit expense

Finance costs

Total depreciation, depletion and amortisation expense

0.0

Consumption of stores and spare parts

Power and fuel

Rent

Repairs to building

Repairs to machinery

Insurance

Rates and taxes excluding taxes on income

Travelling conveyance

0.0

Legal professional charges

Directors sitting fees

Loss on disposal of intangible asset

Loss on disposal discard demolishment and destruction of depreciable tangible asset

0.0

Miscellaneous expenses

0.0

Bank charges

0.0

CSR expenditure

Total profit before exceptional items, extraordinary items and tax

(0.0)

Total profit before tax

(0.0)

Total profit (loss) for period from continuing operations

(0.0)

Total profit (loss) for period

(0.0)

Detailed Balance Sheet

FY 17-18 (in Cr)

16.2

14.9

1.3

0.1

1.2

16.2

12.7

12.6

Other non-current assets

0.0

3.5

Detailed Cash Flow Statement	FY 17-18 (in Cr)
Net cash from / (used in) operating activities	1.2
Net cash from / (used in) investing activities	(16.2)
Net cash from / (used) in financing activities	14.9
Net increase / (decrease) in cash and cash equivalents before effect of exchange rate changes	(0.1)
Net increase / (decrease) in cash and cash equivalents	(0.1)
Cash and cash equivalents at the beginning of the year	0.1
Cash and cash equivalents at the end of the year	0.0

Detailed Income Statement

FY 16-17 (in Cr)

0.0

Cost of materials consumed

Employee benefit expense

Finance costs

Amortization & Depreciation

0.0

Rent	0
Insurance	0
Rates and taxes excluding taxes on income	0
Printing stationery	0
Information technology expenses	0
Travelling conveyance	0
Legal professional charges	0
Advertising promotional expenses	0
Payments to auditor	0.0
Payment for audit services	0.0
Miscellaneous expenses	0.0
Bank charges	0
Subscriptions Membership Fees	0
Telephone postage	(0.0)

Profit/(Loss) before tax

(0.0)

Total tax expense

Profit/(Loss) for the year

(0.0)

Detailed Balance Sheet

FY 16-17 (in Cr)

0.1

0.0

0.1

Detailed Cash Flow Statement	FY 16-17 (in Cr)
Cash flow from Operating activities	0
Net cash from/(used in) Operating activities	0
Cash flow from Investing activities	0
Net cash from/(used in) Investing activities	0
Cash flow from Financing activities	0.1
Net cash from/(used) in Financing activities	0.1
Net increase /(Decrease) in cash and cash equivalents before Effect rate changes	0.1
Effect of rate changes on cash and cash equivalents	0
Net increase /(Decrease) in cash and cash equivalents	0.1
Cash and cash equivalents at the beginning of the year	0
Cash and cash equivalents at the end of the year	0.1