Woolworths-backed telehealth start-up Eucalyptus has made around $200 million in the past 18 months selling weight-loss services and drugs such as Wegovy, and plans to revive its mothballed men’s longevity service in Britain.

Eucalyptus has become the largest online weight-loss medication company in the country since it was founded in 2019. Investors including Blackbird Ventures, Woolworths’ venture capital arm and Mary Meeker’s Bond Capital have poured in about $150 million to value it at $560 million.