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

A startup called The Rounds has raised $38 million in its latest round of funding. The startup allows consumers to shop around 150 individual products across categories like household items, personal care, pantry staples and dry goods. Consumers sign up for the service, then create a restocking schedule for their weekly deliveries. Unlike many subscription-based delivery services, The Rounds allows customers to adjust which items get delivered and when, on an ongoing basis. It delivers its goods in reusable bags — and most importantly, it picks up your empty containers to be used for deliveries. The Rounds co-founder and CEO Alex Torrey came up with the idea as a means of solving his own personal pain point as a big city resident who lived in high-rise apartments, without a car. . . .