TechnologyPharmacy Startup Capsule Raises $200 Million to Grow Beyond NYC
Peer-to-peer boat rental marketplace Boatsetter raises $10M as it looks to grow globally
Obviously, not everyone owns a boat, and boat ownership is far more unique than car ownership -- which makes it maybe an ideal category for peer-to-peer marketplace rentals. P2P boat rental startup Boatsetter recognized this opportunity, and is now announcing a $10 million Series A "extension" funding round to help it grow its business, with investment led by WestCap Group and Valor Equity. Boatsetter counts itself the top peer-to-peer boat rental marketplace in the U.S., and offers insurance to boat renters, owners and captains alike through a just-announced strategic partnership with Geico.
Capsule , a pharmacy startup in NYC that delivers medication via courier within 2 hours Capsule , a New York City -based pharmacy startup that offers free two-hour delivery Capsule isn't alone in offering delivery. Alto Pharmacy , for instance in December raised million to help expand its reach.
In total, Tempus has raised 0 million from backers including Baillie Gifford, T. Rowe Price, Novo Holdings, Franklin Templeton, and New Enterprise Others are taking a look at early cancer detection, with companies like Jeff Bezos and Bill Gates-backed Grail and new startup Thrive raising hundreds
(Bloomberg) -- Capsule Corp., an online pharmacy startup whose subway and taxi ads are ubiquitous in New York, has raised $200 million and plans to expand to other large cities across the U.S.
The Manhattan-based startup, which delivers prescription drugs to local patients in two hours via an online app, said it is in the process of applying for pharmacy licenses in additional states.
“We are going to be in all of the major cities in the next 18 to 36 months,” said Eric Kinariwala, the firm’s founder and chief executive officer. For digital pharmacies, “this is the winning model.”
Capsule is the latest online competitor to CVS Health Corp. and Walgreens Boots Alliance Inc., which in New York City runs Duane Reade pharmacies. The pharmacy chains are already battling against PillPack, a startup mail-order pharmacy that Amazon.com Inc. bought last year for $753 million.
Workplace digital assistant startup Capacity raises $13.2M from Midwestern VCs
Solving information scatter inside enterprises seems to be the founding idea behind dozens of enterprise software startups. Capacity, which recently rebranded from Jane.ai, is raising new cash to tackle the issue with its corporate data search platform. The company just closed a $13.2 million Series B was funded entirely by Midwestern private investors and angels. Jane.ai raises $8.4M to bring a digital assistant into your office software The St. Louis workplace startup helps its customers pull all of their organizational data together into a platform that makes company information more accessible to people inside the company.
The company had raised nearly 0 million before now, including a million series C round less than a year ago, and with another $ 200 million “By leveraging their strength in digitally transforming their suppliers of tours and activities and tapping into the new generation of mobile-first travelers
Alto Pharmacy , a pharmacy that delivers medications in San Francisco, Los Angeles, and Orange A startup that could be Amazon's next takeover target just raised million to help people manage Others, including the New York City -based Capsule , which has raised million in funding, are
E-commerce startups only capture a tiny chunk of $333 billion of U.S. prescription drug spending, but Kinariwala says that share is poised to grow rapidly over the next decade. Sensing the threat, the major chains have expanded their delivery options and added other services to compete with the startups.
The fund-raising round was led by venture capital firm TCV. Capsule’s existing investors Thrive Capital and Glade Brook Capital Partners also participated. Capsule had previously raised $70 million.
Capsule has 60,000 customers in New York, most on multiple medications, said Kinariwala. In June 2018, after its previous fund raising round, Capsule was valued at $110 million, according to data provider PitchBook. Kinariwala declined to comment on Capsule’s valuation or revenue.
India's FreshToHome raises $20M to grow its fish, meat, vegetable, and milk e-commerce platform
FreshToHome, a Bangalore-based e-commerce startup that sells fresh vegetable, fish, chicken, and other kinds of meat, has raised $20 million in a new financing round as it looks to expand its footprint in the nation. The Series B round for the startup was led by Iron Pillar, with Joe Hirao, the founder of Japan’s ZIGExn also participating in it. The startup, which closed its $11 million Series A financing round three months ago, has raised $33 million to date. FreshToHome sells “100 percent” pure and fresh vegetables and meat in Bangalore, Mumbai, and Pune -- the latter two of which it recently entered.
Prior to now, CrowdStrike had raised around 1 million , including a 0 million round last year that pegged the company at a valuation of more When probed by VentureBeat, the company wouldn’t provide any update to its IPO plans, but it certainly has enough financing to grow its service around
Troy Capital Group has closed its $ 200 million fund to provide loans to startup employees whose liquidity is locked up in company stock. The new fund represents a brand new business opportunity for Oaktree, which manages 0 billion and invests heavily in credit and lending vehicles.
Waiting in a Basement
Kinariwala founded the company in 2015 after a bad experience at a chain pharmacy in Manhattan when he was sick with a sinus infection. He waited almost an hour in a basement pharmacy for an antibiotic prescription, only to find out they didn’t have the drug his doctor prescribed.
Capsule’s app allows patients to schedule delivery within a two-hour period, and gives users information on their co-payment and possible drug side effects. It also allows them to ask a pharmacist questions via secure chat or text.
The company’s software also has features to make prescribing easier for doctors, allowing them to set up refill preferences and specify alternate drugs if a patient’s insurance won’t cover the first choice.
The complexity of the interaction between prescribing doctors, pharmacies, insurance companies and patients is one reason that e-commerce has been slow to take off in pharmacy, said Kinariwala.
“There is a reason why there has been no innovation in this space for 50 years,” he said. “It has to be 10 times better than walking downstairs and going to Walgreens, otherwise people won’t switch.”
To contact the reporter on this story: Robert Langreth in New York at [email protected]
To contact the editors responsible for this story: Drew Armstrong at [email protected], Timothy Annett
For more articles like this, please visit us at
©2019 Bloomberg L.P.
8-month-old startup FPL Technologies raises $4.5M to improve credit card experience in India.
An eight-month-old startup in India that wants to improve the user experience of credit card holders in the nation has received the backing of at least two major investors. Pune-based FPL Technologies said Thursday it has raised $4.5 million in its maiden financing round from Matrix Partners India, Sequoia Capital India, and others. In an interview with TechCrunch earlier this week, Anurag Sinha, co-founder and CEO of FPL Technologies, said the startup aims to build a full stack solution to reimagine how people in India get their first credit card and engage with it.
The 2018 Golden Probe Awards
Sexism's most glamorous night! #GoldenProbes2018 www.goldenprobes.com www.ladypartsjustice.com.
Understanding the Development Challenges Associated with Emerging Non-Traditional Antibiotics
Similar from the Web
Capsule , a pharmacy startup in NYC that delivers medication via courier within 2 hours Capsule , a New York City -based pharmacy startup that offers free two-hour delivery Capsule isn't alone in offering delivery. Alto Pharmacy , for instance in December raised $50 million to help expand its reach.
In total, Tempus has raised $520 million from backers including Baillie Gifford, T. Rowe Price, Novo Holdings, Franklin Templeton, and New Enterprise Others are taking a look at early cancer detection, with companies like Jeff Bezos and Bill Gates-backed Grail and new startup Thrive raising hundreds
The company had raised nearly $100 million before now, including a $60 million series C round less than a year ago, and with another $ 200 million “By leveraging their strength in digitally transforming their suppliers of tours and activities and tapping into the new generation of mobile-first travelers
Alto Pharmacy , a pharmacy that delivers medications in San Francisco, Los Angeles, and Orange A startup that could be Amazon's next takeover target just raised $50 million to help people manage Others, including the New York City -based Capsule , which has raised $70 million in funding, are
Prior to now, CrowdStrike had raised around $281 million , including a $100 million round last year that pegged the company at a valuation of more When probed by VentureBeat, the company wouldn’t provide any update to its IPO plans, but it certainly has enough financing to grow its service around
Troy Capital Group has closed its $ 200 million fund to provide loans to startup employees whose liquidity is locked up in company stock. The new fund represents a brand new business opportunity for Oaktree, which manages $100 billion and invests heavily in credit and lending vehicles.
Luckin, which started operations just this year, says it has already opened 525 stores in 13 cities across China as of May, and has been “The funds we raise will be used for product research, technology innovation and business development,” Luckin CEO Qian Zhiya said in the statement.
The new financing brings Klook’s total funding raised to about $300 million . Other investors in the round Klook, which first rolled out in Asia, competes with a growing number of companies that target people trying The startup counts more than 16 million monthly visits to its website and mobile app.
Capsule NYC is an essential fashion destination in New York City ’s Harlem neighborhood and is shopped globally at CAPSULE . Farouk personally selects every item sold at Capsule NYC with the intention of inspiring every client who walks through the door, offering the best edit of the most
Free same-day prescription delivery in NYC . Get the medication you need in the way you deserve. Switch your prescriptions to Capsule today.
Friday, 20 september 2019
This is one time that Apple's latest update for your iPhone and iPad isn't making it easier on you.Deleting apps just got more […]
Thursday, 10 october 2019
As teased last month, Oppo's latest flagship phone, the Reno Ace, is unveiled today. We already knew about the device's 65W SuperVOOC 2.0 feature which charges its 4,000mAh battery in just 30 minutes, thus setting an impressive record in the industry. What's surprising is […]
Thursday, 10 october 2019
3D printing lets MIT engineers put the Renaissance man's plans to the test.Recent graduate student Karly Bast shows off the scale model of a bridge designed by Leonardo da Vinci that she and her co-workers used to prove the design's […]
Monday, 30 september 2019
Negative interest rates have quite literally broken one of the pillars of modern finance. © Jonathan Ernst/ReutersHow to handle the downside of higher rates.As economists and central bankers weigh the pros and cons of sub-zero rates and their impact on the world, traders have been […]
Friday, 18 october 2019
Such outsize returns are hard to come by, but they've nonetheless caught the attention of young Chinese investors.The SoleFly x Air Jordan 1 in black patent leather rocketed in value by 6,600% to a high of 75,999 yuan ($10,740) on the online marketplace Nice after its release in […]
Wednesday, 25 september 2019
UK company Reaction Engines is developing its Synergetic Air-Breathing Rocket Engine (SABRE), which could fly in space at Mach 25 and cut UK-Australia flight times to 'as little as four hours'The UK Space Agency announced Tuesday at the UK Space Conference 2019 that it would be […]
Friday, 27 september 2019
How to save your sanity with one click with Chrome's new Pause/Play feature.The button is convenient for those who typically have multiple tabs open, your computer volume up and need to quickly shut the music off. The new feature is still in its experimental phase, so it may function […]
Saturday, 05 october 2019
Don't eat Tide Pods. Do eat Glenlivet whisky capsules, if you're into that sort of thing.Glenlivet, known for its Speyside Scotch offerings, unveiled a set of cocktails this week that're served inside see-through seaweed-extract casings. You pop one in your mouth, bite down and […]