Former CEO of Myntra and Jabong, Ananth Narayanan will be a CEO and Co-founder of the health care startup Medlife.
Ananth, who is also a former McKinsey Senior Partner, will be operating as the new head to support and solidify the team and the growth curve with some strategies.
Tushar Kumar and Prashanth Singh of Medlife
“We look forward to working together (with Ananth) to scale Medlife rapidly going forward. We are at a stage where we have to build this from a $200 million business to a $2 billion-plus business over the next five years, and Ananth in his previous stint has done just that.”
Bengaluru-based healthcare portal was founded in November 2014 with three successful verticals, namely pharmacy, e-consultation, and diagnostics. The startup has deliveries of nearly 25000 all over India and focuses on making health-based deliveries more approachable and affordable.
Medlife has raised $17 million (INR 118.95 crore) from Prasid Uno Family Trust in April. The healthcare startup has even acquired Myra Medicines and Medlabz starting of the year.
A multifacet man on a mission
Besides, Ananth Narayanan, who’s University of Michigan alumnus studied Masters in Industrial Engineering and Operations Research. Ananth also served as the Industry Advisory Board of University of Michigan’s Tauber Institute and has a previous account of working for 15 years with Mckinsey.
He is known for extensive expertise in piloting performance improvement, and product development has now taken up a new role in offering expert level strategies to the healthcare sector.
In 2015, Ananth became the chief executive officer of Myntra and its subsidiary Jabaong.
Ananth Narayanan in the latest press release expressed that
“Technology can play a disruptive role in making healthcare simple, personal and accessible to all Indians. Medlife has built a terrific business and a great team. I look forward to working with them and with Prashant and Tushar to continue to scale the business.”
