Former Myntra-Jabong CEO Ananth Narayanan Joins E-Pharmacy Medlife
Former Myntra-Jabong Chief Executive Officer Ananth Narayanan has joined Medlife International Pvt. Ltd. as CEO and co-founder, the online medicine delivery startup said on Monday.
Narayanan, also an investor in Medlife, will be responsible for driving the next phase of growth of the e-pharmacy, which is in the process of raising $150 million—its first external round of funding. The Medlife funding round will be completed in the next 3-5 months, the new CEO said.
"Healthcare is a $100 billion-plus market opportunity but there is very less technology disruption. Medlife has an interesting interplay in e-pharmacy, e-diagnostics and e-consultancy which was very interesting for me,” said Narayanan. “I decided to join them because I feel technology can play a disruptive role in making healthcare simple, personal, and accessible to all Indians.”
Narayanan will also join Medlife's board of directors. The healthcare startup was founded by Prashant Singh and Tushar Kumar in November 2014.
Medlife has scaled its business to clock Rs 1,000-crore revenue run rate. It currently operates across 4,000 cities and makes over deliveries daily.
It operates its online medicine delivery service through 40 fulfillment centres and three large regional hubs in 22 cities. Besides, it has one national and five regional laboratories, and over 350 phlebotomists to take diagnostics to patients' homes.