The Bengaluru-based bloom technology aggregation expects a acquirement of Rs 100 crore from the clandestine characterization offering. The company’s aboriginal alms will be a Paracetamol 650 mg.
“The aboriginal artefact we are ablution is paracetamol. It doesn’t charge a prescription. We will additionally be ablution 4-5 added articles in the gastrointestinal and diabetic ambit soon. Those will initially be awash through retail,” said Tushar Kumar, CEO, Medlife. Kumar expects that a band of paracetamol will amount about Rs 13-14, afterwards discounts.
Since its birth as an e-pharmacy aggregation in 2014 by Tushar Kumar, son of Prabhat Narain Singh, one of the founders of Alkem Laboratories, and Prashant Singh, Medlife has adapted into 24X7 e-consultation, class services, app-based healthcare-related services, and now, clandestine characterization generics.
Medlife had additionally committed an centralized advance of $30 million, aftermost year, to calibration up operations and is attractive to put in an added $15 actor this year for the same.
The aggregation additionally articles a herbals and aliment supplements cast alleged Medlife Essentials. “We already accept bristles to six articles beneath this brand.. we launched it four months back. We are already seeing a crore in sales revenue. They are acrimonious up well,” said Kumar.
The aggregation is additionally attractive to breach alike in its top four cities–Mumbai, Bengaluru, Delhi, and Chennai–by end of 2018. Medlife competes with e-pharmacies such as 1mg, Netmeds, and PharmEasy.
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