Medlife, an e-pharmacy mogul of India, has seen tremendous growth since its advent in 2014. And it is planning to take it to new heights along with the newly appointed CEO and co-founder, Ananth Narayanan.
The latest Medlife standings say that they offer their services in 4000 cities. They claim to be making 25,000 deliveries on any given day. More than 5 lakh patients are taking advantage of the consultation from over 1,000 doctors who are specialized in more than 30 specialties. As of March 2019, Medlife has crossed the run rate of 1,000 plus crore.
Currently, Medlife controls the largest share of the e-pharmacy industry. This has been made possible by the acquisition of Myra Medicines, the only express medicine delivery system available in India. This acquisition combined with the latest appointment is going to be a major game-changer for Medlife.
Ananth Narayanan is the former CEO of Myntra and Jabong. With his deep expertise and passion for product development, he has drastically changed the way we shop online in this decade. His appointment looks promising for Medlife. In addition to being the CEO, he will also be making crucial decisions for Medlife by being a part of the Board of Directors.
With a Bachelor degree in Engineering from the University of Madras and a Masters from the University of Michigan in Industrial Engineering and Operations Research, Narayanan is known for his ability to improve product development, streamline operations and supply, develop strategies, organisational models, and business plan.
On his appointment, Narayanan said, “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.”
“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,” said Tushar Kumar and Prashant Singh, founders of Medlife.
Looks like the founders have laid out a plan for the leading e-pharmacy to scale greater heights in the coming days.