How to invest in the tech pharmacy that aims to disrupt the $480 billion retail industry

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Amazon can bring virtually anything from an air mattress to a Nerf gun to thumbtacks right to your doorstep within 24 hours. GrubHub can also drop in potstickers, sandwiches or a fresh salad in minutes. So why can’t you get reliable, fast door-to-door delivery for something you might really need? Something like…prescription drugs?

NowRx

This is where NowRx comes in. The state-of-the-art pharmacy chain offers a simple, hassle-free way to have your prescriptions delivered within hours at no extra cost. Founded in Northern California, NowRx has grown steadily to eight locations and more than $25 million in annualized revenue as of November. The company is poised for rapid national expansion and is recruiting investors who see promise in disrupting the $480 billion retail pharmacy industry.

The key to NowRx’s success? Proprietary software and robotics plus minimal overhead that ultimately leads to a superior customer experience.

And this superiority is supported by both patients and doctors. Where other drugstore delivery competitors garnered an alarming number of 1-star Yelp reviews (Amazon Pill Pack at 80% and Capsule at 32%), NowRx received 1-star reviews less than 1% of the time. All eight NowRx locations hold a 5.0 rating from Yelp reviewers.

The NowRx model is simple. It starts with patients or doctors sending a prescription to their local NowRx, just like they would any other pharmacy. However, unlike other pharmacies that use manual processes and older software, NowRx uses proprietary “QuickFill” pharmacy management software and dispensing robotics to receive, process, bottle and dispense the prescription in less than 30 seconds – while minimizing errors that produce delays like insurance issues, miscommunication with doctors, etc.

Once NowRx has confirmed your order and address, they offer free shipping directly to the patient’s doorstep. It’s promised to be at your doorstep in two to four hours, or just 60 minutes for a $5 expedited order. Meanwhile, the customer only pays their insurance copayment to receive this convenient home delivery.

The service has already sparked interest in the company’s investment cycles, as more than 10,000 people have bought shares since they became available on SeedInvest in 2016. During this period, the price of NowRx stock is up 1,650% and it looks like there could be a lot more. room for growth, the company says.

In 2021, NowRx has also expanded its offerings to include telehealth services that are showing promising growth. From the first to the third quarter, revenues from telehealth services alone grew by 1,081%, providing another important growth path, according to the company.

NowRx looks poised for continued growth and could present some investors with a promising opportunity as they look to expand nationwide. The company raises a record $73 million through crowdfunding on SeedInvest and Investor Place recently named the company one of the top 7 startups to buy now on the internet.

You can also learn more about the NowRx investment opportunity via the company’s investment page here.

NowRx is offering securities by way of an offering statement that has been qualified by the Securities and Exchange Commission under Level II of Regulation A. A copy of the final offering circular that forms part of the offer can be obtained from: NowRx

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