The Rounds raises $38M Series A for its sustainable ‘household restocking’ service

Supply Chain
Written By Rick Watson

The model employed by The Rounds involves what it calls reverse logistics — a system where online goods aren’t just delivered to the consumer, but their empty containers are also picked back up at the same time.

The system involves not only forward, but also reverse logistics for consumers to send back containers to the source.  This concept is a similar idea to what Nathan Faust’s Olive is doing for traditional merchandise, but instead this is more for CPG and pharmacy items.

TechCrunch: The Rounds raises $38M Series A for its sustainable ‘household restocking’ service

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
Previous

Yummers Closes $6.3 Million Seed Round
Next

InterTrade Systems Acquires by SPS Commerce, Expands Retail Network