About Medlife
Medlife is a Healthcare company based in Bengaluru (India) founded in 2014 by Tushar Kumar and Ananth Narayanan, and was acquired by PharmEasy in May 2021. Provider of an online pharmacy for medications. Medlife has completed 9 acquisitions, including Badea Medica Clinic, CLINICA SOLOMED and Eclinic247. Its chief executive, as recorded, is Ananth Narayanan. Medlife offers products and services including Medicine Delivery, Lab Tests, and Doctor Consult. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include Tata 1mg, Truemeds and PharmEasy; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Latest Funding Round$668.35K (USD), Debt – Conventional
Jul 2020
- InvestorsPharmEasy
& 3 more
- Investments & AcquisitionsBadea Medica Clinic
& 8 more
- Acquired by
Associated legal entities of Medlife
Medlife is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medlife Wellness Retail Private Limited CIN U24290KA2019PTC119959 | Amalgamated | 02 Jan 2019 | Bengaluru, Karnataka | ₹22.0 Cr | 61 | 3 | View details |
| Medlife International Private Limited CIN U24230BR2014PTC023149 | Amalgamated | 11 Nov 2014 | Patna, Bihar | ₹95.5 Cr | 475 | 5 | View details |
Products & Services of Medlife
Medlife offers a comprehensive portfolio of products and services, including Medicine Delivery, Lab Tests, and Doctor Consult.
Platform for ordering and delivering prescription medicines
Service for booking and home collection of lab tests
Virtual consultations with healthcare professionals
Apps and channels of Medlife
its YouTube channel PharmEasy App has 274K subscribers and 30 videos.
Videos from Medlife
The most watched videos on Medlife's YouTube channel, PharmEasy App (274K subscribers). Click a video to play it here.
More on PharmEasy App.
Funding Insights of Medlife
- Total Rounds 2
- Last Round Debt – Conventional β $668,350
- First Round $15.51M
(Dec 2019)
- Investors Count 2
All 2 funding rounds of Medlife with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | $668,350 | Debt – Conventional | β | β | |
| Dec 2019 | $15.51M | Debt – Conventional | β | β |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment group focusing on private equity and co-investments in the SAMENA region. | 2008 | samenacapital.com | Dubai, United Arab Emirates | |
Provider of financial services | 2017 | wilsonfinserv.com | Mumbai, India | |
Provider of an online pharmacy and healthcare platforms | 2015 | pharmeasy.in | Mumbai, India | |
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | apiholdings.in | Mumbai, India |
Investor details for Medlife
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Medlife
The boards of the 2 registered companies of Medlife currently have 6 directors; the longest-serving is Tushar Kumar, appointed in 2014. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tushar Kumar DIN 01728877 | Director | 11 Nov 2014 | 11 yrs 11 mo | Medlife International Private Limited |
| Prashant Singh DIN 00568680 | Director | 11 Nov 2014 | 11 yrs 11 mo | Medlife International Private Limited |
| Abhishek Kumar DIN 08777939 | Director | 10 Oct 2020 | 6 yrs | Medlife Wellness Retail Private Limited |
| Ajinkya Rajendra Bannore DIN 07614758 | Company Secretary | 01 Apr 2021 | 5 yrs 6 mo | Medlife International Private Limited |
| Venktesh Kumar DIN 09051227 | Director | 05 Jan 2022 | 4 yrs 9 mo | Medlife Wellness Retail Private Limited |
| Monica Rakesh Howal DIN 08504690 | Director | 05 Jan 2022 | 4 yrs 9 mo | Medlife Wellness Retail Private Limited |
People of Medlife
3 people are tracked at Medlife (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Director | Leadership | |
| Co-Founder & Director | Leadership | |
Ananth Narayanan | Co-Founder & CEO | Leadership |
Complete people profiles for Medlife
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Financials of Medlife
Figures of Medlife International Private Limited, the primary company behind Medlife, for FY 2021. Revenue was ₹95.54 Cr (-17% year on year). Net loss was -₹746 Cr (-195% margin). EBITDA was -₹661 Cr (-173% margin). Revenue has grown at a compounded annual rate of +41% over three years and +53% over five years.
- ₹95.54 CrRevenue · FY 2021 · -17% YoY
- -₹746 CrNet loss · -195% margin
- -₹661 CrEBITDA · -173% margin
- ₹24.40 CrPaid-up capital
- 475Employees (provident fund records)
- +41%Revenue CAGR, 3 years
- +53%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Medlife International Private Limited are on its company page.
Detailed financial statements for Medlife
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Multispecialty healthcare services are provided in a standalone hospital facility. | oncocard.ro | Brasov, Romania | 2012 | Dec 2019 | β’β’β’β’ | |
General medical services are offered at the standalone clinic. | badeamedica.ro | 2012 | May 2019 | β’β’β’β’ | ||
Photo sharing apps are developed by MetaRain mobile studio. | metarain.com | Bengaluru, India | 2014 | May 2019 | β’β’β’β’ | |
Medicines and care products are ordered through a mobile app. | myramed.in | Bengaluru, India | 2014 | May 2019 | β’β’β’β’ | |
Diagnostic tests are booked online with home collection options offered. | medlabz.com | Mumbai, India | 2015 | Jan 2019 | β’β’β’β’ | |
Doctors and patients are connected via an online healthcare platform. | eclinic247.com | Bengaluru, India | 2015 | Nov 2018 | β’β’β’β’ | |
Medical second opinions and health advice are provided online. | sfatulmedicului.ro | Bucharest, Romania | 2005 | Jun 2018 | β’β’β’β’ | |
Traditional hospital providing various healthcare services | polisano.ro | Sibiu, Romania | 1993 | Apr 2018 | β’β’β’β’ | |
Standalone multi specialty clinic | solomed.ro | Pitesti, Romania | 0 | Mar 2018 | β’β’β’β’ |
Complete acquisition details for Medlife
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- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Medlife
14 dated milestones of Medlife across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Medlife is founded.
- Acquisition Acquires CLINICA SOLOMED.
- Acquisition Acquires Polisano.
- Acquisition Acquires SfatulMedicului.ro.
- Acquisition Acquires Eclinic247.
- Acquisition Acquires MedLabz.
- Acquisition Acquires MetaRain.
- Acquisition Acquires Myra Medicines.
- Acquisition Acquires Badea Medica Clinic.
- Acquisition Acquires OncoCard.
- Funding First funding round of $15.5M.
- Funding Latest funding round, Debt β Conventional, of $668K.
- Exit Acquired by API Holdings.
- Exit Acquired by PharmEasy.
Competitors of Medlife
Medlife has 3 listed competitors in our database, 3 of them funded. They include Tata 1mg, Truemeds and PharmEasy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1mg.com | 2015 | Delhi, India | $230.8M | 4,419 | Provider of an online pharmacy with doctor listing and teleconsultation services | |
| truemeds.in | 2019 | Mumbai, India | $112.97M | 345 | Provider of an online pharmacy and telehealth platform | |
| pharmeasy.in | 2015 | Mumbai, India | $688.41M | 493 | Provider of an online pharmacy and healthcare platforms |
Detailed competitors of Medlife
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Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as Medlife (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 230.8 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Medlife
Complete news archive for Medlife
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Frequently Asked Questions about Medlife
Medlife was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Medlife is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ananth Narayanan is the CEO of Medlife, as recorded in our data. They have also founded this company.
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.
Medlife offers Medicine Delivery, Lab Tests, and Doctor Consult.
Medlife has made 9 acquisitions, including Badea Medica Clinic, CLINICA SOLOMED, and Eclinic247.
Medlife has 4 investors. Key investors include PharmEasy, API Holdings, Samena Capital, and Wilson Financial Serv.
Medlife is associated with 2 legal entities: Medlife International Private Limited, Medlife Wellness Retail Private Limited.
Yes. Medlife was acquired by PharmEasy in May 2021.
The legal entities of Medlife currently have 7 directors, including Ajinkya Rajendra Bannore, Tushar Kumar, Prashant Singh and others.