Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 06 2019

Ananth Narayanan Joins Medlife As Co-Founder & CEO

Medlife is the largest e-health company in India today with three business lines including pharmacy, diagnostics and e-consultation.

Ananth Narayanan Joins Medlife As Co-Founder & CEO

The Board of Directors at Medlife have announced that Ananth Narayanan (former CEO of Myntra and Jabong and ex McKinsey Senior Partner) will be joining the company as Co-Founder and CEO. In this capacity, Ananth will be responsible for driving the next S curve of growth, continue to strengthen the team, lead M&A’s, and help formulate a strategy around new areas of growth. He will also be joining the Medlife Board of Directors.

Medlife is the largest e-health company in India today with three business lines including pharmacy, diagnostics and e-consultation. Since its inception in November 2014 by Prashant Singh and Tushar Kumar, Medlife has scaled rapidly to become the first e-pharmacy to clock 1000-crore revenue run rate. It currently operates across 29 states, 4,000 cities and 25,000 pin codes in India fulfilling over 25,000 deliveries daily.

Tushar Kumar and Prashant Singh, Founders, Medlife, said, “We are very excited to have Ananth partner with us in this journey. We look forward to working together to scale Medlife rapidly going forward. We are at a stage where we have to build this from a $200 million business to a $2 billion-plus business over the next 5 years and Ananth in his previous stint has done just that.”

Ananth Narayanan, Co-Founder and CEO, Medlife, added, “Technology can play a disruptive role in making healthcare simple, personal, and accessible to all Indians. Medlife has built a terrific business and a great team. I look forward to working with them and with Prashant and Tushar to continue to scale the business.”

This announcement comes on the heel of Medlife announcing the acquisition of Myra Medicines, India’s only express pharmacy delivery service. Post this acquisition, Medlife now controls the largest share of the e-pharmacy market, a space that is on the way to become the next big disruptor after the food delivery service.

Ananth Narayanan is the former Chief Executive Officer of Myntra. He led Myntra's aspiration to transform how people shop for fashion online and also focused on building category-leading fashion brands.

Featured as one of ‘India's Hottest 40 under 40 Business Leaders’ in 2014, Ananth has deep expertise in driving performance improvement and has a particular passion for product development.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: Greetings from USPFC!! U.S. Pizza and Fried Chicken have come..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Laundry & Dry Cleaning
    About Us: LaundryAnna is one of the best laundry services in..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Preschools
    In this present Generation most of the individuals lack in..
    Locations looking for expansion Haryana
    Establishment year 1981
    Franchising Launch Date 2020
    Investment size Rs. 10000 - 50000
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Healthcare & Medical Products
    We deal with food safe antimicrobial product which is very..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Bengaluru Karnataka
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities