e-comm

Pharmapacks Valued at $1.1 Billion After Carlyle Group Investment

From a neighborhood pharmacy to an e-comm upstart.
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Francis Scialabba

· less than 3 min read

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If a corner pharmacy takes its vitamins and adapts to e-commerce, it could grow up to become a stealth unicorn.

That’s the Pharmapacks story, at least. The Bronx pharmacy-turned-digital marketplace received a $250+ million investment from The Carlyle Group yesterday, bringing its valuation to $1.1 billion.

Pharmapacks has a 2020 advantage as an online purveyor of all things bathroom medicine cabinet. But it had already generated $250 million in sales last year, through...

  • Strategic partnerships with a mix of household CPG distributors and emerging brands.
  • Cozying up to Amazon, Walmart, and eBay, where it acts as a third-party seller.

Looking ahead…Pharmapacks will use its new backing to expand 1) West Coast logistics and 2) stockpile-able categories like food and pet supplies. CEO Andrew Vagenas predicts the site will reach $1 billion in sales within two years.

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