Medlife
| File:Medlifelogo.png | |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 2014[1] |
| Founders |
|
| Headquarters | , |
Area served | India |
Key people | Ananth Narayanan (CEO) |
| Services | |
| Revenue |  ₹400 crore (US$48 million) (FY 2019) |
| Owner | Medlife Wellness Retail Private Limited |
Number of employees | 5000 |
| Subsidiaries |
|
| Website | www |
Medlife International, is an India online platform, which provides pharmacy, diagnostics, and e-consultation in India. It was founded in 2014 by Prashant Singh and Tushar Kumar. The company has a central laboratory based in Bengaluru and delivers daily to 29 states.[2] Medlife has brought together doctors, pharmacist, path labs and consumers on a single platform. Medlife has a lot more to offer than just buying medicines online. [3][4][5][6]
History
The company started out as an online platform for medicine delivery and later expanded to offer online doctor consultation and diagnostic services.[7] Medlife offers one consumer-facing mobile app for accessing all three services.[8]
In 2018, Medlife was awarded India's Best Pharma Delivery e-Platform Company of the Year by Frost & Sullivan at the Fifth Annual 2018 India Best Practices Awards.[9] In November, Medlife acquired healthcare start-up EClinic.[10]
In August 2019, Ananth Narayanan (former CEO of Myntra) joined Medlife as the Co-Founder and Chief Executive Officer.[2][11]
According to a Frost and Sullivan report Medlife owns 30 per cent of the e-Pharma market share in India.[12][13]
In May 2020, Medlife goes multilingual, offered Hindi language in there app.[14]
Acquisition
In 2019, it acquired Medlabz,[15] a digital healthcare platform, and MyraMed, a medicine-delivery startup.[16][17][18]
In 2018 it acquired EClinic24/7 a health tech startup.[19][20]
Funding
Medlife received roughly $30 million from Alkem Laboratories's Family Office. Kumar and Singh also claim to have put $20 million of personal funds into the business.[10]
In April 2019, Medlife received $17 million in funding from Kumar's family trust.[7] In December 2019, Medlife raised Rs 110 Cr ($15 million) from Wilson Global Opportunities Fund in debt funding.[21][22]
Services
Medlife deliver to 25,000+ pin codes over 2500+ cities and 29 states across India. Medicine home delivery made easy.
- Pharmacy - Buy medicines online
- Medlife Labs -Book free collection of samples from home for laboratory tests
- Doctor Consultation - Consult a doctor from the comfort of your home
- OTC - Order healthcare and wellness products
- Medlife Essentials - Get herbal supplements and varied range of accessories
References
- ^ "Medlife International Private Limited Information - Medlife International Private Limited Company Profile, Medlife International Private Limited News on The Economic Times". The Economic Times. Retrieved 2020-04-09.
- ^ a b "Ex-Myntra chief executive Ananth Narayanan joins Medlife". www.businesstoday.in.
- ^ "Medlife acquires Bengaluru-based Myra Medicines". @businessline.
- ^ "Medlife launches #GoodHealthIsFreedom campaign ahead of Independence Day - ET BrandEquity". ETBrandEquity.com.
- ^ Bureau, Our. "Medlife acquires Mumbai-based MedLabz". @businessline.
{{cite web}}:|last=has generic name (help) - ^ Malik, Yuvraj (June 13, 2019). "SoftBank in talks to invest $70 million in Indian e-pharmacy Medlife" – via Business Standard.
- ^ a b "Online healthcare startup Medlife gets $17 mn in fresh funding". Techcircle. April 12, 2019.
- ^ "Online healthcare startup Medlife readies $30 mn booster shot". VCCircle. August 28, 2017.
- ^ "Medlife receives Frost and Sullivan's award for India's best pharma delivery e-platform company". October 17, 2018.
- ^ a b Bureau, Our. "Medlife acquires healthcare start-up EClinic, plans $100 million expansion". @businessline.
{{cite web}}:|last=has generic name (help) - ^ "Medlife hopes to achieve 100% growth by the end of this financial year, will take its diagnostics offering to 50 cities within the next 24 months". Business Insider.
- ^ "We will be the largest e-Diagnostic player by March 2019: Prashant Singh, MedLife - Exchange4media". Indian Advertising Media & Marketing News – exchange4media.
- ^ Bureau, BW Online. "Medlife Clocks Run Rate of 1000 Cr in FY 2019 Amidst Steady Growth". BW Disrupt.
{{cite web}}:|last=has generic name (help) - ^ https://www.thehindubusinessline.com/companies/e-healthcare-platform-medlife-goes-multilingual-to-deepen-its-reach/article31541575.ece
- ^ Bureau, Our. "Medlife International acquires healthcare start-up Medlabz". @businessline.
{{cite web}}:|last=has generic name (help) - ^ "Medlife Acquires Myra Medicines For Express Delivery And Data Science Capabilities". Forbes India. Retrieved 2020-04-09.
- ^ "Medlife acquires e-pharmacy Myra to expand delivery services". VCCircle. May 6, 2019.
- ^ "Medlife buys Bengaluru-based medicine delivery startup Myra Medicines". www.pharmabiz.com.
- ^ Bureau, Our. "Medlife acquires healthcare start-up EClinic, plans $100 million expansion". @businessline. Retrieved 2020-04-09.
{{cite web}}:|last=has generic name (help) - ^ inventiva (2018-11-22). "Medlife Acquires HealthTech Startup EClinic24/7; To Invest $100 Mn for E-Pharma Expansion". Inventiva. Retrieved 2020-04-09.
- ^ https://www.crunchbase.com/organization/medlife-international-private-limited
- ^ https://inc42.com/buzz/medlife-raises-15-5-mn-from-wilson-global-opportunities-fund-for-growth/