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Pharmapacks company logo
Corporation
INTERNET | eCommerce / Pharmacies
pharmapacks.com

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Founded Year

2010

Stage

Private Equity | Alive

Total Raised

$476M

Valuation

$0000 

Last Raised

$250M | 1 yr ago

Revenue

$0000 

About Pharmapacks

Pharmapacks is an online health and beauty marketplace dedicated to providing its online consumers with a shopping experience that is easy and convenient at affordable prices. The site offers a wide array of items ranging from Health & Beauty products to Medical Aids.

Pharmapacks Headquarter Location

1516 Motor Pkwy

Islandia, New York, 11749,

United States

855-797-2257

Latest Pharmapacks News

Amazon’s top third-party seller in U.S. plans to go public via SPAC

Sep 13, 2021

- Advertisement - Packable, the parent company of Pharmapax, said on thursday It plans to go public through a merger with Highland Transcend Partners I Corp, a special purpose acquisition company. The deal would value the combined company at $1.55 billion. According to the research firm, Pharmapax began as a brick-and-mortar pharmacy business in 2010, and has since become the No. 1 Amazon seller in the US, based on the number of consumer reviews. Marketplace Pulse . The company offers a range of health, personal care and beauty products across multiple online marketplaces. - Advertisement - SPAC is the latest sign that Amazon’s booming third-party market is attracting investors, who see another opportunity to make money on the biggest e-commerce site’s shoulders. The Marketplace offers products from millions of sellers and now accounts for more than half of Amazon’s total retail sales. For the past year, investors have been pouring money into aggregators like Thresio and Perch, which are snapping up promising products and storefronts with the goal of using their data and operational expertise to turbocharge sales. Businesshala reported in June that Thracio is in talks with former Citigroup executive Michael Klein to go public through a merger with SPAC, which could raise more than $10 billion. In November, Pharmapacks raised The deal from private equity firm Carlyle Group valued the company at approximately $1.1 billion. As part of SPAC, Packable is raising $180 million from investors including Fidelity and Lugard Road Capital. The proceeds will be used to help Packable expand internationally and into multiple online marketplaces, the company said in a statement. SPAC is a blank-check company that raises funds to buy a private entity through a reverse merger and takes it public with the help of financing from additional investors. SPAC deals have become an increasingly popular route to go public over the past year. Trying to Expand Beyond Amazon In addition to Amazon, Pharmapax said it also offers its products on the websites of Walmart, eBay, Kroger, Target and Facebook, as well as several direct-to-consumer sites. said packable investor presentation Revenue will grow 22% this year to $456 million and it’s forecasting an average annual growth of 38% through 2024, when sales should top $1.3 billion. One advantage of going public through a SPAC rather than a traditional IPO is that companies can issue forward-looking estimates. Still, Pharmapacks isn’t expected to generate an operating profit until 2024. That’s because it spends nearly half of its revenue on sales and distribution and 20% on warehousing and administrative costs, based on 2021 projections. Like many e-commerce companies, Packable got a lift from the pandemic-fueled growth in online shopping. But its revenue growth began to slow dramatically in the first half of this year, partly as a result of global supply chain constraints that resulted in “significant inventory out of stock, delays in purchase orders and delays in adding new customers,” said in the company filing. Listed supply chain issues of packables due to the COVID-19 pandemic as a potential risk to their business. It also warned that a significant portion of its revenue is tied up in a small number of markets and that a “loss of access or a significant drop in activity levels” in those markets could hurt the company. Packable said it “may be affected by fraudulent and illegal activities of other third-party vendors, and possibly by marketplace programs designed to prevent such activities.” Amazon’s marketplace has been plagued for years by constant issues surrounding fake, unsafe products and fake reviews. – Businesshala’s Ari Levy

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Research containing Pharmapacks

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CB Insights Intelligence Analysts have mentioned Pharmapacks in 2 CB Insights research briefs, most recently on Aug 3, 2021.

Expert Collections containing Pharmapacks

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Pharmapacks is included in 3 Expert Collections, including E-Commerce.

E

E-Commerce

8,739 items

D

Digital Health

11,220 items

Companies leveraging digital technology for healthcare, consumer health, clinical research, and life science (e.g. biopharma, medtech) applications.

U

Unicorns- Billion Dollar Startups

863 items

Pharmapacks Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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