Former Myntra CEO Ananth Narayanan joins online pharmacy Medlife
Ananth Narayananwas one of the most high profile exits from Flipkart, after it was acquired by Walmart.
- Narayanan has now joined e-pharmacy startup
- Medlife, which was started in 2014, reportedly does 20,000 deliveries in a day.
There were rumours that Narayanan left his position as Myntra Jabong’s CEO because of his misalignment with Flipkart CEO Kalyan Krishnamurthy. Even while Narayanan was working for the company, reports said that he could join the Indian OTT platform Hotstar.
However, he is now part of
The company claims to perform 20,000 deliveries across India and is reportedly in talks with pharma giant Cipla for a funding round. Cipla could invest ₹170 crore in the e-pharmacy startup. There were also reports that SoftBank too was looking at investing in the startup.
Bengaluru-based Medlife had also acquired its competitor Myra Medicines earlier in May 2019, expanding its deliveries to 22 cities in India.