Who owns Pharmapacks?
Founded as a brick-and-mortar pharmacy shop in 2010, Pharmapacks is based in Islandia, New York. Pharmapacks is an e-commerce company with a proprietary tech platform that empowers brands with a complete logistics, fulfillment, marketing, and sales solution. Who owns Pharmapacks? Pharmapacks co-founder Andrew Vagenas knows a thing or two about risk. The Bronx, New York-based…
Founded as a brick-and-mortar pharmacy shop in 2010, Pharmapacks is based in Islandia, New York. Pharmapacks is an e-commerce company with a proprietary tech platform that empowers brands with a complete logistics, fulfillment, marketing, and sales solution.
Who owns Pharmapacks?
Pharmapacks co-founder Andrew Vagenas knows a thing or two about risk. The Bronx, New York-based entrepreneur leaped e-commerce only five years ago, while industry stalwarts Amazon and eBay long had a presence online. Fortunately, he’s also familiar with rewards. Thanks to a clutch addition to his team, the health and beauty products retailer now has Walmart knocking at its door.
In November, Pharmapacks raised more than $250 million from private equity firm Carlyle Group in a deal valuing the company at about $1.1 billion. As part of the SPAC, Packable is raising $180 million from investors including Fidelity and Lugard Road Capital. Proceeds will be used to help Packable expand internationally and across multiple online marketplaces, the company said in a statement.
