SoftBank's second Vision Fund has led a new round of funding for Silicon Va...
BANGALORE - SoftBank’s second Vision Fund has led a new round of funding for Silicon Valley-based drug delivery firm Alto Pharmacy that valued it at over $1 billion, according to two people familiar with the development.
Alto, a digital pharmacy that delivers prescriptions to patients in several cities in California, Nevada, Colorado and Washington, is expected to announce the deal next week. Venture-backed online pharmacies have been challenging traditional pharmacy chains over the past few years and Alto’s rivals include Blink Health and PillPack, which was acquired by Amazon in 2018.
Alto Pharmacy did not immediately respond to requests for comment while SoftBank declined to comment.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Film Industry Grinds to a Halt Amid Coronavirus EpidemicGlobal box office may take a $1 billion-plus hit as the world's second-biggest market shutters 70,000 screens while grappling to contain the coronavirus outbreak
Read more »
What happened to L.A.'s $1 billion for homeless housing?Tracking the city's progress.
Read more »
K. Michelle Is Working on a Country Album (Exclusive)Exclusive: K. Michelle talks her latest album, ‘All Monsters Are Human.’
Read more »
H&M Is Experimenting With Natural Coffee Dyes and “Leather” Made From Wine WasteIts latest Conscious Exclusive Collection introduces new developments in recycled materials, bio-based leather alternatives, and inventive uses of waste.
Read more »
Nike Sells Out of Kobe Bryant Merchandise After Athlete's DeathTwo days after the death of Kobe Bryant, Nike has sold out of the former Laker's merchandise THRNews
Read more »
Surgical Masks Are Selling Out — but Are They Actually Helpful in Preventing the Coronavirus?Many pharmacies and online retailers have run out of surgical masks
Read more »