The Rounds operates a subscription service (priced at $10) that delivers weekly bundles of groceries, household basics and local goods in reusable bags and refillable containers. Customers can customize restock frequency for items and now select their preferred delivery day or make one-time purchases. The company uses a reverse-logistics system to collect, sanitize and recirculate containers and says it has saved more than 1 million pounds of packaging waste. An AI-powered prediction engine and reinforcement-learning feedback from returned containers drive personalized restocking and smarter consumption forecasts. The Rounds has expanded its catalog to about 1,200 SKUs and recently added over 100 new products, including more fresh produce. It is available in select U.S. markets such as Atlanta, D.C. and Philadelphia and plans to expand to a couple more markets in early 2025. The Rounds operates a sustainable household restocking service built on reverse logistics: it delivers around 150 SKUs weekly in reusable bags and picks up empty containers for reuse. Consumers set a restocking schedule and can adjust upcoming deliveries via an online dashboard or by text; returned containers are scanned via QR codes so the system learns usage patterns. Members pay $10 per month with no delivery fees; item prices are said to be comparable to warehouse stores. The company reports over 10,000 active members, claims 10x growth, and says it is profitable at the unit-economics level for individual deliveries, though annual revenue was not disclosed. Launched in 2019 in Philadelphia, The Rounds has expanded to D.C., Miami and Atlanta and operates with about 100 full-time staff (all W-2 employees). With recent funding it plans to grow its technology team, deepen penetration in existing markets, expand to new geographies, pilot BrightDrop van deliveries, and pursue more local business partnerships over time.

Total raised

$62M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2024