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Truepill

Healthtech / digital pharmacyUSA
New to Unitard
🀝 Acquired
PeakΒ $1.6 BillionToday
~-67%
from peak
  1. πŸ¦„
    Became a unicorn
    Oct 2021
  2. πŸ“ˆ
    Peak valuation
    $1.6 Billion ’21
  3. πŸ’”
    Became a Unitard
    Aug 2024
  4. πŸ’Έ
    Last valuation
    ~$528M
Current status
Acquired by LetsGetChecked for $525M (Aug 2024)

The rise & fall

6 moments Β· 2016–2024

The key moments, with employee sentiment along the way.

2016
Founded as pharmacy-as-an-API
Umar Afridi and Sid Viswanathan build the prescription-delivery back-end that other health brands run on.
TechCrunch
Oct 2021
The peak: $142M makes it a unicorn$1.6B
A Series D pushes the digital-pharmacy platform to $1.6B at the top of the telehealth boom.
TechCrunch
2022
Four rounds of layoffs in one year
Growth money dries up; Truepill cuts staff four times in 2022 and retreats to its core pharmacy business.
TechCrunch
From the inside Β· Glassdoor reviews, 2022–23
Glassdoor reviews corroborated the churn: employees counted those same four layoff rounds, describing a hiring spree that reversed into cuts often delivered by email and priorities that shifted every few weeks β€” though some later credited a new CEO with steadying the business.
Aug 2024
Acquired by LetsGetChecked for $525M$525M
The exit lands about 67% below peak β€” a soft landing by fallen-unicorn standards.
Axios

πŸ’¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—; dated facts carry their source.

How it happened

Truepill is a digital pharmacy and healthcare-fulfillment platform powering prescription delivery, telehealth and testing for other brands. A $142M Series D in October 2021 pushed its valuation to $1.6B and unicorn status.

As growth funding dried up, Truepill ran four rounds of layoffs in 2022, refocused on its core pharmacy business, raised a $66M insider round in August 2023, then sold to LetsGetChecked for $525M in August 2024 β€” about 67% below peak.

Source: Axios; LetsGetChecked acq. $525M (Aug 2024); peak $1.6B (TechCrunch)

Founders

  • Sid Viswanathan
    Co-founder & CEO (Feb 2022-Aug 2023)
    Now Founder & Co-CEO at AlchemyLinkedIn β†—
  • Umar Afridi
    co-founder & founding CEO (pharmacist)
    Now Founder and CEO at Foundation HealthLinkedIn β†—

Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.

Disclosed investors (19)

Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.

* Lead in a funding round Β· Crunchbase β†— Β· 2026-10-13 Β· Methodology Β· Leaderboard

More from the club

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