About Phlo
Phlo is a company based in London (United Kingdom) founded in 2015 by Nadeem Sarwar. It operates as a On-Demand Services, and Direct-to-Consumer (D2C). Phlo has raised $26.07 million across 4 funding rounds from investors including Scottish Enterprise and Par Equity. Phlo has completed 2 acquisitions, including Truepill and Truepill. Phlo offers products and services including Digital Pharmacy and Phlo Clinic. Phlo operates in a competitive market with competitors including Zava, simple online healthcare, Phlo Connect, YourPharmacy and RXLive, among others.
- Headquarter London, United Kingdom
- Founders Nadeem Sarwar
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Phlo Digital Pharmacy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.07 M (USD)
in 4 rounds
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Latest Funding Round
$11.19 M (USD), Series A
Apr 17, 2024
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Investors
Scottish Enterprise
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Truepill
& 1 more
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Products & Services of Phlo
Phlo offers a comprehensive portfolio of products and services, including Digital Pharmacy and Phlo Clinic. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Medication management and delivery are provided through app.
Weight loss treatments are offered by specialized clinic.
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Software Development Team
15 people
Creative and Marketing Team
8 people
Leadership Team
3 people
Product Management Team
3 people
Pharmacy Team
2 people
Data Analysis and Operations Team
1 people
Operations Team
1 people
Human Resources and Administration
1 people
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Funding Insights of Phlo
Phlo has successfully raised a total of $26.07M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $11.19 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $11.2M
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First Round
First Round
(10 May 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - Phlo | Valuation | Par Equity | |
| Dec, 2022 | Amount | Series A - Phlo | Valuation | Scottish Enterprise |
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| Oct, 2020 | Amount | Seed - Phlo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Phlo
Phlo has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Scottish Enterprise and Par Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and natural capital investments are managed by Par Equity.
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Founded Year | Domain | Location | |
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Business development and leadership training programs are offered to companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Phlo
Phlo has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Truepill and Truepill. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Medication is provided via an online pharmacy service.
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2018 | ||||
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Medicines are ordered and delivered through an API-connected healthcare app.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Phlo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Phlo Comparisons
Competitors of Phlo
Phlo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zava, simple online healthcare, Phlo Connect, YourPharmacy and RXLive, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform to order prescription medications or test kits
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| domain | founded_year | HQ Location |
Offers online pharmacy, GP services, telehealth, and partnerships for accessible healthcare.
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| domain | founded_year | HQ Location |
Digital pharmacy infrastructure is provided to connect clinicians and patients.
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| domain | founded_year | HQ Location |
Offers comprehensive online pharmacy solutions for medical products.
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| domain | founded_year | HQ Location |
Mobile app for remote consultation and prescription delivery
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Phlo
Frequently Asked Questions about Phlo
When was Phlo founded?
Phlo was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Phlo located?
Phlo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Phlo?
Nadeem Sarwar is the current CEO of Phlo. They have also founded this company.
Is Phlo a funded company?
Phlo is a funded company, having raised a total of $26.07M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.35M, raised on May 10, 2017.
What does Phlo do?
Phlo is operated as a digital pharmacy in the United Kingdom, focusing on simplifying medication management. Services are provided through a secure app, enabling patients to order, track, and receive prescriptions directly to their preferred address. Various delivery options are offered, including same-day and 24-hour tracked delivery, with free options for NHS patients. The healthcare sector is primarily targeted, with additional services like Phlo Clinic for weight loss treatments. Support is ensured by pharmacists and patient care teams, accessible via phone, email, or chat. Community wellness and health insights are also promoted through their platform.
Who are the top competitors of Phlo?
Phlo's top competitors include Zava, Phlo Connect and Truepill.
What products or services does Phlo offer?
Phlo offers Digital Pharmacy and Phlo Clinic.
How many acquisitions has Phlo made?
Who are Phlo's investors?
Phlo has 2 investors. Key investors include Scottish Enterprise, and Par Equity.
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