Question 1

Is the company profitable when compared to big retailers offering their own version of medicine delivery?

Accepted Answer

Thanks again for the question Carlos. From my experience working with three of the biggest retail pharmacies, they outsource their delivery to companies like us so their business model is different. We have developed an efficient delivery model that allows us to pick up from any pharmacy thereby increasing our market size and potential for better profitability. We also offer other pharmacy services thereby giving us more room to grow.

Question 2

Do you hold an advantage of delivering narcotics and controlled medicine over your competitors?

Accepted Answer

Hi Carlos, thanks for the question. We currently do not deliver narcotics and other controlled medications. However, we are working on some strategic partnerships that will allow us to expand our services to controlled substances in the near future. Will keep you updated on that.

Question 3

Hello, offering the buy now pay later plan will give you a big advantage over your competition. How are you financing it & is there any qualification for it?

Accepted Answer

Hi John, great question. You're right on point about how much this is going to help a lot of patients who sometimes have to miss doses of their medications because they are waiting for pay day to be able to afford their copay. The Buy Now, Pay Later is covered by a third party that does the underwriting and approves the transaction. Once the user submits the request, the third party pays us the full amount and then collects the payment from the user later. This eliminates the risk to us. Our ...

Question 4

Hello Team, what is your MRR and ARR?

Accepted Answer

Hi Raymond, thanks for the question. We are currently "pre-revenue" as most of our revenue so far has been generated from our pilot. We spent the past year focusing on doing free delivery to seniors and immunocompromised while building out our tech stack and perfecting our delivery model which is now ready to scale. Based on our pilot, we project an MRR within 6 months post fundraising to be around $50k and our ARR in 12 months to be around $1M+. (Note that projections are not guaranteed). Ju...

Question 5

How are you planning on educating seniors to start using an online delivery service?

Accepted Answer

Hi Carlo, great question. We have a toll-free number that seniors or anyone who is not comfortable with technology can call to place an order. However, our user flow is so simple that we are seeing most seniors using the app instead. We are continuously working to make the app as user friendly as possible. In a world where Alexa can turn on your lights and even shop for you, we believe building healthcare technology that is accessible for everyone is a must. It is our mission to increase heal...

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