A recent announcement revealed Amazon’s acquisition of an online pharmacy called PillPack.
What We Know:
- The startup offers a door-to-door service, enabling their customers to stock up by ordering online and having their products delivered directly to their homes.
- PillPack was backed by Nas’ Queensbridge Venture Partners as an early investor in 2014. The fund is said to have raised $8.8 million. Since then, a total of $118 million was amassed in private capital investments before Amazon’s involvement.
- The deal is set to be finalized this fall. TJ Parker and Elliot Cohen, the owners of the online pharmacy, are each making $100 million from the deal. Nas and his crew are more than like to have hefty cheques coming in too.
- Nas has been winning big in business on the low. This is the second time Amazon buys out one of his investments.
This story will be updated at Urban Newsroom.
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