| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Healthtech |
| Total raised | ~$295M (Durable Capital Partners, SoftBank, Thrive Capital) |
| Collapse type | Sudden Collapse |
| Founder | Eric Kinariwala |
Capsule Pharmacy
"The $1.2 billion digital pharmacy startup that promised same-day prescription delivery — and shut down overnight in March 2023 when SoftBank-era economics met pharmacy margins"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Capsule was founded in 2016 by Eric Kinariwala in New York with a simple consumer promise: the pharmacy experience was broken, and Capsule would fix it with same-day delivery, proactive refill reminders, and a human pharmacist you could text.
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