MedLife | Medlife International | India's No.1 Online Pharmacy l Overview And Funding

Medlife is an online medicines platform currently deliver medicines in 29 states having a base of more then 10 millions customers. medlife founded by Prashant Singh & Tushar Kumar in 2014 ( Bangalore ) starts with delivering medicines in just 85 Pin codes and now covers more than 4000 cities across India. Medlife International also provides health products and health services which include lab testing or diagnostics

This Bengaluru based online pharmacy currently deliver more than 25000 orders per day. This app is available on Play Store for Android and App store for iOS

The company was awarded as India's Best Pharma Delivery e-Platform In 2018 and In 2019 Ananth Narayanan appointed as CEO




Founded                            -2014
Chairman & Co-Founder      -Prashant Singh
Co-Founder                        -Tushar Kumar
CEO & Co-Founder              -Ananth Narayanan
Location                            -Bengaluru, India
Area                                  -India
size                                   -1001-5000 Employees
Products                            -12000+
Website                              www.medlife.com

On Dec 2019 Medlife was raised $15.5M  from a Debt Financing round by Wilson Global Opportunities Fund
In Venture - Series funding round Medlife was raised ₹1.2B (120 crores) by Prasid Uno Family Trust on Apr 2019.

Medlife's founder and co- founder invested $20 million of personal funds and also received  $30 million from Alkem Laboratories's Family Office
Total Funding Amount of Medlife international is $32.7M


On March 2019  Medlife has crossed ₹1,000 crore plus run rate and company expected to achieve more in the next financial year.

In FY 2018 annual turnover of the company was 135.7‬ Cr it has raised in financial year 2019 which was 360.3‬Cr





Medlife acquisition

Myra

known for Fastest or quicker delivery services in just 2 hours. This  Bengaluru based national award winning online pharmacy had done more than 120,000‬ deliveries per month in Bengaluru. the secret behind quicker deliveries was regulating and maintaining an own warehouse with maximum availability of more than 220000 products. In 2014 Myra was founded by Faizan Aziz and Anirudh Coontoor and acquired by medlife on 6 May 2019.



MedLabz

Mumbai-based digital healthcare platform MedLabz known for home diagnostics services in more than 120 cities across India.
 A group of IIT Delhi and IIT Bombay graduates started medlebz in 2015
key people are Piyush Singh, Nimish Mehta,Siddharth Bidwan,Kumar Akarsh,Harshal Jain and Srikanth Kumar

medlabz acquired by Medlife on 31 Jan 2019  for an undisclosed sum.
Medlife initiate doorstep sample collection after acquisition with medlabz



EClinic 24/7

it was launched in January 2015 by Prabhakar and Jeyandran Venugopal with aim to connect the patient with the qualified doctors via chat, mail, voice and video based consultations.
patient can get less time consuming consultations by certified doctors in different specialties.  e-clinic acquired by medlife on 22 Nov 2018. with this acquisition medlife claims to increase the doctors and clinic outlets across India

If you want to place an order you have to upload your prescription's scanned copy or image through Mobile application or website then you will receive a call back from a qualified Pharmacist for your order confirmation then you will get your Medicines at doorstep , If a customer not having a prescription or a valid prescription then Doctor Consultation can be arranged on call as per customer's given time. Medicines delivery timeline is 24 hours to 48 hours.

While uploading prescription customer can search, Add and confirm the order also. customers can also place an order by Calling on this number 186012341234

The suggestion of substitution is an advantage for the customers. Customer can check alternative medicines or substitutes and medicines prices with discounted amount.

Medlife offers up to 20% to 22% discount on all Medicine orders.  25% to 30% for new customers depending upon coupon code or promotional code and additional E cash.

Basically E cash are the points or a virtual money, they add these points in your account after successful delivery of Medicines. You can grab E cash points with coupon code.




Medlife has 24 hours Customer service, laboratory services, app-based healthcare-related services,  e-consultation

Medlife  Not only deal with the allopathic medicines but also ayurvedic and homeopathic Medicines . Currently medlife provide own private label generics Medlife essentials  and some range of  Health products which include Diabetes Care Nutrition, Health Supplements, Medical Devices and Personal Care products

 Ayurveda, Homeopathy Unani and allopathy medicines return policy is 30 days and return will initiated within 3 to 7 business days depending upon the mode of payment.




doctor service  is a  paid service , in this patient can find nearest doctors and clinics. Now a days  Medlife has more the one Thousand doctors across India with 24 hours availability. In this service patient can talk with the doctor for online consultation. patient  has  advantage  to  initiate a chat and video call based  conversation .
it is very helpful for finding  doctors and clinics based on nearby locations. This service available in some cities only.



Medlife has tie up with some Diagnostic centres and currently they provide service more than 465 cities across India .Medlife agent collect samples at your doorstep there is no need to go somewhere.




medlife has initiated franchise program If you have any physical store you can be a part of it. according to company more than 100 franchise partners available in India and earns more than a lakh every month.
to run a franchise there are some criteria setup by the company which depends on size and state of the property


 If you have traffic on your website or blog you can earn 15% to  20% commission on all successfully delivered orders. mobile applications and any social media accounts can be useful to promote the products for affiliate marketing. medlife served India but everyone can be a part of affiliate marketing inside and outside the country







Contact      -  care@medlife.com
Website      -  medlife.com
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