After stepping down from the Walmart-owned Myntra six months ago, Ananth Narayanan joins the healthcare startup Medlife as Co-Founder & CEO, said the company on Monday.
Apart from handling fundraising and formulating strategies, Narayanan will also be involved in the company’s day-to-day operations.
Commenting on his new venture, Narayanan said, “This (Medlife) felt to me like Myntra at very early stages – with a $100 billion market (opportunity) and two percent penetration,” said Narayanan, chief executive of Medlife. “Moreover technology innovation in health is at its infancy and can be used for seamless e-consultation to medicine delivery to diagnostics.”
With three business verticals under its belt, the online healthcare platform Medlife has raised Rs 118.95 crore (approx $17 million) in an equity funding round from Tushar’s family trust – Prasid Uno Family Trust.
Earlier this year, it also acquired Myra Medicines and Medlabz.
Founded in November 2014, the company now claims to complete 25,000 deliveries regularly across the country. It aims to make healthcare delivery more accessible and affordable for all.
Narayanan had joined Myntra in 2015 and prior to that he had spent over 15 years at consulting firm McKinsey across geographies.