202012 Nov
Pharmapacks Valued at $1.1 Billion After Carlyle Group Investment
Type
Funding Rounds
Companies
Funding
202012 Nov
$250MOthers
Source
Morningbrew
Summary

The Bronx pharmacy-turned-digital marketplace received a $250+ million investment from The Carlyle Group yesterday, bringing its valuation to $1.1 billion. Pharmapacks has a 2020 advantage as an online purveyor of all things bathroom medicine cabinet. But it had already generated $250 million in sales last year, through... • Strategic partnerships with a mix of household CPG distributors and emerging brands. Looking ahead…Pharmapacks will use its new backing to expand 1) West Coast logistics and 2) stockpile-able categories like food and pet supplies. CEO Andrew Vagenas predicts the site will reach $1 billion in sales within two years.

Classifications
  • Healthcare
  • General BI
  • Business Intelligence
  • E-Commerce & Retail
  • Electronic Medical Records