Medlife was an Indian online platform, which provided

pharmacy Pharmacy is the science and practice of discovering, producing, preparing, dispensing, reviewing and monitoring medications, aiming to ensure the safe, effective, and affordable use of medicines. It is a miscellaneous science as it links heal ...

diagnostics Diagnosis is the identification of the nature and cause of a certain phenomenon. Diagnosis is used in many different disciplines, with variations in the use of logic, analytics, and experience, to determine "cause and effect". In systems engineer ...

, and

e-consultation Electronic consultation is an aspect of telemedicine which involves remote communication between patients and clinicians, or between clinicians and specialists. E-consult was one of the earlier applications which primary care physicians could use ...

in India. It was founded in 2014 by Prashant Singh and Tushar Kumar. The company had a central laboratory based in

Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

and operated in 29 states. In 2021,

PharmEasy PharmEasy is an Indian e-pharmacy company that sells medicines, diagnostics and telehealth online. History The company was founded in 2015 by Dharmil Sheth and Dhaval Shah in Mumbai with the initial seed funding provided by their parents. T ...

acquired Medlife, and merged Medlife's operations into its own platform.

History

The company started out as an online platform for medicine delivery and later expanded to offer online doctor consultation and diagnostic services. Medlife offered one consumer-facing mobile app for accessing all three services. In November 2018, Medlife acquired healthcare start-up EClinic. In 2019, it acquired Medlabz, a digital healthcare platform, and MyraMed, a medicine-delivery startup. In August 2019, Ananth Narayanan (former CEO of

Myntra Myntra is a major Indian fashion e-commerce company headquartered in Bengaluru, Karnataka, India. The company was founded in 2007-2008 to sell personalized gift items. In May 2014, Myntra.com was acquired by Flipkart. In May 2022, Myntra launch ...

) joined Medlife as the Co-Founder and Chief Executive Officer. According to a

Frost and Sullivan Frost & Sullivan is an American business consulting firm. It offers market research and analysis, growth strategy consulting, and corporate training. It has about 45 offices in the Americas, Africa, Asia and Europe; the principal office is in San ...

report Medlife owns 30 per cent of the e-Pharma market share in India. In May 2020, Medlife became multilingual, offering Hindi language. In May 2021, Medlife was acquired reportedly for $250 million by

, as a result of which Medlife's operations were discontinued and users were migrated to PharmEasy. The merger made PharmEasy the largest e-pharmacy company in India with 2 million customers.

Funding

Medlife received roughly $30 million from

Alkem Laboratories Alkem Laboratories Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, that manufactures and sells pharmaceutical generics, formulations and nutraceuticals in India and globally. Company Alkem set up its resear ...

' Family Office. Kumar and Singh also claim to have put $20 million of personal funds into the business. In April 2019, Medlife received $17 million in funding from Kumar's family trust. In December 2019, Medlife raised $15.5 million from Wilson Global Opportunities Fund in debt funding.

References

External links

*{{url, www.medlife.com, Official site Online pharmacies Health care companies established in 2014 Indian companies established in 2014 Health care companies of India Companies established in 2014