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