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Amazon can convey just about something from an air mattress to a Nerf gun to thumbtacks proper to the doorstep inside 24 hours. GrubHub can land potstickers or sandwiches or a recent salad there in a matter of minutes too. So why can’t you get a dependable and quick door-to-door supply on one thing you may really want? One thing like…pharmaceuticals?
That is the place NowRx is available in. The tech-powered pharmacy chain provides a easy, hassle-free approach to get your prescriptions delivered in hours at no further value. Based in Northern California, NowRx has steadily grown to eight areas and over $25M in annualized income as of November. The corporate is poised for fast nationwide growth and enlisting buyers who see the promise of disrupting the $480 billion retail pharmacy industry.
The important thing to NowRx’s success? Proprietary software program and robotics plus minimal overhead expense that in the end results in a superior buyer expertise.
And that superiority is supported by each sufferers and docs. The place different pharmacy supply opponents have garnered an alarming variety of 1-star Yelp evaluations (Amazon Pill Pack at 80 percent and Capsule at 32 percent) NowRx has acquired 1-star evaluations lower than 1 % of the time. All eight of NowRx’s areas maintain a 5.0 score from Yelp reviewers.
The NowRx mannequin is easy. It begins with sufferers or docs sending a prescription to their native NowRx — the identical as they’d another pharmacy. Nonetheless, not like different pharmacies that use guide processes and older software program, NowRx makes use of a proprietary pharmacy administration software program “QuickFill” and allotting robotics to obtain, course of, bottle, and dispense the prescription in below 30 seconds — all whereas minimizing errors that produce delays like insurance coverage points, miscommunication with physicians, and many others.
As soon as NowRx confirms your order and deal with, they provide free supply proper to a affected person’s residence. It’s promised to be on your doorstep in two to four hours, or inside simply 60 minutes for a $5 expedited order. In the meantime, the shopper solely pays their insurance coverage copay to obtain that further useful residence supply.
This service has already generated curiosity for the corporate’s funding rounds, as greater than 10,000 folks have bought shares since they grew to become out there on SeedInvest in 2016. Over that point, NowRx’s share value has elevated 1,650 % and it appears like there may very well be much more room to develop, the corporate says.
In 2021, NowRx additionally expanded their choices to incorporate telehealth providers that present promising progress. From Q1 to Q3, income from telehealth providers alone noticed 1,081 % progress offering one other vital progress avenue, the corporate says.
NowRx appears poised for continued progress and will provide some buyers a promising alternative as they give the impression of being to develop nationally. The corporate is raising a record $73M through equity crowdfunding on SeedInvest and Investor Place just lately highlighted the corporate as 1 of the 7 Finest Startups to Purchase Now From Throughout the Web.
You may also study extra about the NowRx investment opportunity through the company’s investment page here.
NowRx is providing securities by way of the usage of an Providing Assertion that has been certified by the Securities and Trade Fee below Tier II of Regulation A. A duplicate of the Ultimate Providing Round that varieties part of the Providing Assertion could also be obtained from: NowRx
Supply: Entrepreneur