Nightingales Home Health Services appoints Narasimha Jayakumar as Chief Executive Officer
Bengaluru, May 5th, 2018: Nightingales Home Health Services, an enterprise of Medwell Ventures and a pioneer in specialty home healthcare in India, announced the appointment of Narasimha Jayakumar as their Chief Executive Officer today. Medwell Ventures has received $21mn in Series B funding in 2017 led by Mahindra Partners & Eight Roads Ventures. In 2015 Eight Roads Ventures had led a $10mn round in the company. Narasimha joins the company to lead its next phase of growth beyond the cities of Mumbai, Bangalore, Hyderabad, Chennai and Pune where the company operates its multi-branch model of speciality home healthcare services for chronic diseases. The company has a team of more than 1000 people across India.
Narasimhabrings to Nightingales rich and diverse experience across various consumercentric businesses. He was formerly the Chief Business Officerof 99acres.com, part ofInfo Edge India Limited which is India's premier online classifiedscompany. Previously, Narasimha worked as COO, E-commercefor HomeShop18, India’s leading TV /web platform. His priorassignments also include Google India, where he was the business head fortravel, local and media verticals. Narasimha holds a B. Tech(Computer Engineering, REC Surathkal), PGDM (IIM-Bangalore) andan MBA from the London Business School.
Announcingthe appointment, Vishal Bali, Co-Founder & Chairman, MedwellVentures said “Nightingales is poised to be the front runner in thehome healthcare sector in India. We took an early position in the emerging homehealthcare sector through a differentiated clinicaloffering. Narasimha’s vast experience and exemplary track record as abusiness leader with deep experience in building consumer centric businesseswill benefit Nightingales immensely. We are excited to have him on board totake forward our next phase of expansion“.
India’shome healthcare sector is on track to grow to a $6.2bn market on the back ofrising consumer demand and increasing incidence of chronic diseases.
“Weexpect our next phase of growth to be technology led with a phased roll-out ofscalable patient-centric service offerings. Our Remote Patient Monitoring (RPM)platform uses miniature devices and digital technologies to collect and monitorhealth data from individual patients in a home setting and represents aparadigm shift in healthcare. Narasimha’s strong background in the consumer andtechnology industries will help Nightingales deliver on this promise”said Dr Ferzaan Engineer, Co-Founder & Jt Chairman, MedwellVentures.
On hisappointment, Mr. Narasimha Jayakumar, Chief Executive Officer, NightingalesHome Health Services said “Home Healthcare Services are the nextwave of healthcare in India. I am looking forward to joining the teamat Nightingales at this pivotal point in its transformation and thesector’s evolution. As the Indian home healthcare industryevolves, Nightingales will lead the industry in delivering exceptional patientcare and enabling patients to receive clinically-led healthcare servicesin the comfort of their homes”