Truepill cofounders Umar Afridi and Sid Viswanathan

Meet Truepill, the pharmacy startup that’s been quietly powering companies that prescribe and ship Viagra and birth control to your door.
The startup, which describes itself as a “pharmacy API and fulfillment service,” works with companies like Hims, Nurx, and Lemonaid by filling prescriptions and sending them out around the US.
With $14 million in funding from investors led by Alexis Ohanian’s Initialized Capital, Truepill is plotting its international expansion.

Seemingly overnight, a crop of companies have sprung up that can prescribe and mail you medications like birth control and Viagra.

Each company has its own brand, its own website, and contracted doctors. But for many — including Lemonaid, dermatology company YoDerm, Kick Health, Hims, and Nurx — there’s a common thread: their online pharmacies are all powered by the same little-known company, called Truepill.

Founded by pharmacist Umar Afridi and Sid Viswanathan, Truepill has quietly been gathering up pharmacy licenses across the US and amassing clients who themselves have racked up hundreds of millions in funding. Since getting its start in 2016, Truepill’s filled 1 million prescriptions.

Last year, Truepill raised $14 million from investors led by Alexis Ohanian’s Initialized Capital. On Tuesday, …read more

Source:: Businessinsider – Technology

      

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