Nimble drug delivery startup scores $28 million in funding

Nimble Pharmacy’s CEO Talha Sattar got the idea for his prescription delivery company while waiting in line at the pharmacy to pick up meds for a family member.

Sattar told CNBC which he wondered why the item’s quick along with easy to order luxury items like a car valet on demand, nevertheless not potentially life-saving medications.

“The key insight I had was which there was an information gap between the pharmacy, the physician along with the consumer,” explained Sattar, who previously worked in finance along with management consulting.

Nimble offers same-day delivery to the home or office, competitive pricing with traditional pharmacies along with software apps for patients to get virtual consultations with pharmacists. Rather than delivering medications online, the item incorporates a retail presence where they stock medications.

Nimble competes having a slew of various other venture-backed pharmacies, like NowRX along with Alto Pharmacy, which are vying to attract consumers having a digitally savvy experience. They all compete with each various other along with with traditional pharmacies, like Walgeens along with CVS, which offer delivery services through companies like Postmates along with Instacart.

Amazon is usually also considering its own push into the pharmacy market, although the item’s not clear if such a move might help or hinder start-ups like Nimble.

NimbleRx sees its competitive advantage in its integration with doctor’s offices. Since its 2015 inception, the company right now claims to have relationships with one in four Bay Area doctors.

the item claims to have dispensed 5 million medication doses, with one-fifth placed from the past three months.

The company is usually also unveiling This kind of month a brand new product called NimbleGo, which includes a call to schedule delivery within a few minutes of receiving a prescription — often while the patient is usually still from the doctor’s office.

Nimble just raised $28 million via a slew of technology investors in a round led by Sequoia Capital. Its various other investors include Y Combinator, First Round Capital, DAG Ventures along with Khosla Ventures.

The company is usually currently operating from the Bay Area along with San Diego, nevertheless is usually looking to use its financing to expand to various other states.

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