About Medlife
Medlife is a company based in Bengaluru (India) founded in 2014 by Tushar Kumar and Ananth Narayanan was acquired by PharmEasy in May 2021.. Medlife has completed 9 acquisitions, including Badea Medica Clinic, CLINICA SOLOMED and Eclinic247. Medlife offers products and services including Medicine Delivery, Lab Tests, and Doctor Consult. Medlife operates in a competitive market with competitors including Tata 1mg, Truemeds, PharmEasy, MedPlus and SastaSundar, among others.
- Headquarter Bengaluru, India
- Founders Tushar Kumar, Ananth Narayanan
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$668.35 K (USD), Debt – Conventional
Jul 03, 2020
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Investors
PharmEasy
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Badea Medica Clinic
& 8 more
- Acquired by
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Products & Services of Medlife
Medlife offers a comprehensive portfolio of products and services, including Medicine Delivery, Lab Tests, and Doctor Consult. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for ordering and delivering prescription medicines
Service for booking and home collection of lab tests
Virtual consultations with healthcare professionals
Funding Insights of Medlife
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $668,350
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First Round
First Round
(17 Dec 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Debt – Conventional - Medlife | Valuation |
investors |
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| Dec, 2019 | Amount | Debt – Conventional - Medlife | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Medlife
Medlife has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include PharmEasy, API Holdings and Samena Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment group focusing on private equity and co-investments in the SAMENA region.
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Founded Year | Domain | Location | |
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Provider of financial services
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Founded Year | Domain | Location | |
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Provider of an online pharmacy and healthcare platforms
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Medlife
Medlife has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Badea Medica Clinic, CLINICA SOLOMED and Eclinic247. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Doctors and patients are connected via an online healthcare platform.
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2015 | ||||
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Diagnostic tests are booked online with home collection options offered.
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2015 | ||||
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Photo sharing apps are developed by MetaRain mobile studio.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Medlife
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medlife Comparisons
Competitors of Medlife
Medlife operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tata 1mg, Truemeds, PharmEasy, MedPlus and SastaSundar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of an online pharmacy with doctor listing and teleconsultation services
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and telehealth platform
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and healthcare platforms
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| domain | founded_year | HQ Location |
Medicines and health products are retailed through pharmacy outlets.
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| domain | founded_year | HQ Location |
An online marketplace for healthcare products is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medlife
Frequently Asked Questions about Medlife
When was Medlife founded?
Medlife was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Medlife located?
Medlife is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Medlife?
Ananth Narayanan is the current CEO of Medlife. They have also founded this company.
What does Medlife do?
Medlife is a provider of an online pharmacy for medications. It offers an app for purchasing medicines. It allows users to buy medication and various healthcare products such as family care products, skincare, baby care, and others. Users can also book an appointment for a lab test, online doctor consultation, and many more.
Who are the top competitors of Medlife?
Medlife's top competitors include Tata 1mg, SastaSundar and PharmEasy.
What products or services does Medlife offer?
Medlife offers Medicine Delivery, Lab Tests, and Doctor Consult.
How many acquisitions has Medlife made?
Medlife has made 9 acquisitions, including Badea Medica Clinic, CLINICA SOLOMED, and Eclinic247.
Who are Medlife's investors?
Medlife has 4 investors. Key investors include PharmEasy, API Holdings, Samena Capital, and Wilson Financial Serv.
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