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Amazon can deliver nearly anything else from an air bed to a Nerf gun to thumbtacks proper to the doorstep inside 24 hours. GrubHub can land potstickers or sandwiches or a contemporary salad there in an issue of mins too. So why can’t you get a competent and speedy door-to-door supply on one thing you may in point of fact want? One thing like…pharmaceuticals?
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That is the place NowRx is available in. The tech-powered pharmacy chain provides a easy, hassle-free solution to get your prescriptions delivered in hours at no additional value. Based in Northern California, NowRx has incessantly grown to over 8 places and $25M in annualized income as of November. Now the corporate is poised for speedy nationwide enlargement and enlisting buyers who see the promise of disrupting the $480 billion retail pharmacy trade.
The important thing to NowRx’s good fortune? Proprietary device and robotics plus minimum overhead expense that in the long run ends up in a awesome buyer revel in.
And that superiority is supported via each sufferers and medical doctors. The place different pharmacy supply competition have garnered an alarming choice of 1-star Yelp evaluations (Amazon Tablet Pack at 80 p.c and Tablet at 32 p.c) NowRx has won 1-star evaluations lower than 1 p.c of the time. In truth, all 8 of NowRx’s places lately cling an implausible 5.0 ranking from Yelp reviewers.
The NowRx fashion is strangely easy. It begins with sufferers or medical doctors sending a prescription to their native NowRx – the similar as they’d every other pharmacy. On the other hand, in contrast to different pharmacies that use handbook processes and older device, NowRx makes use of a proprietary pharmacy control device “QuickFill” and shelling out robotics to obtain, procedure, bottle, and dispense the prescription in underneath 30 seconds – all whilst minimizing mistakes that produce delays like insurance coverage problems, miscommunication with physicians, and so forth.
As soon as NowRx confirms your order and deal with, they pass the additional mile via providing unfastened supply proper to a affected person’s house. It’s promised to be in your doorstep in two to 4 hours, or inside simply 60 mins for a $5 expedited order. In the meantime, the buyer simplest can pay their insurance coverage copay to obtain that additional at hand house supply.
That intriguing recipe for good fortune has already generated huge passion for the corporate’s funding rounds, as greater than 10,000 other people have bought stocks since they turned into to be had on SeedInvest in 2016. Over that point, NowRx’s proportion value has higher 1,650 p.c and it seems like there can be a lot extra space to develop.
In 2021, NowRx additionally expanded their choices to incorporate telehealth services and products that display promising expansion. From Q1 to Q3, income from telehealth services and products on my own noticed 1,081 p.c expansion offering any other vital expansion road for the corporate.
NowRx seems to be poised for enormous expansion and may be offering some buyers an overly promising alternative as they give the impression of being to amplify nationally. The corporate is lately elevating a report $73M thru fairness crowdfunding on SeedInvest and Investor Position just lately highlighted the corporate as 1 of the 7 Perfect Startups to Purchase Now From Around the Web.
You’ll be able to additionally be told extra about the NowRx funding alternative throughout the corporate’s funding web page right here.
NowRx is providing securities thru using an Providing Remark that has been certified via the Securities and Alternate Fee underneath Tier II of Law A. A replica of the Ultimate Providing Round that bureaucracy part of the Providing Remark could also be received from: NowRx
