Returnit logo — RETURNIT is a service that replaces single-use containers wi...

Returnit

RETURNIT is a service that replaces single-use containers with reusable containers used for food delivery.

Founded 2020 11-50 employees Seed Total: $600.00M ESG, Food and Beverage +1

General Information

Company Name Returnit
Founded Year 2020
Employees 11-50
Industries ESG, Food and Beverage, Sustainability
Funding Stage Seed
Social

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About Returnit

RETURNIT is a startup launched in 2020, operating in the Food and Beverage industry. The company provides a service that aims to eliminate single-use containers in the food delivery sector by introducing a system of reusable containers. In this regard, RETURNIT has recently received a significant boost through a Seed Round investment on 29 June 2023. The investment was backed by notable investors which include Aju IB Investment, Lotte Ventures, SGC Partners, and the Korea Credit Guarantee Fund, signaling a strong industry support and potential for growth. The startup's innovative approach towards sustainable packaging aligns with the contemporary focus on environmental sustainability, making it a promising venture for investors seeking to support socially responsible and disruptive solutions in the food delivery sector.

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 4
Investor Investor Investor Investor
29 Jun 2023
Seed Round •••••• 2
Investor
•••• ••••
17 Nov 2021
Venture Round •••••• 1
Investor
01 Apr 2021

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FAQ About Returnit

RETURNIT is a service that replaces single-use containers with reusable containers used for food delivery.
Returnit was founded in 2020.
Returnit operates in the following industries: ESG, Food and Beverage, Sustainability.
Returnit has approximately 11-50 employees.
Returnit has completed 3 funding rounds, raising a total of $600.00M. The latest funding stage is Seed.
Top alternatives and competitors to Returnit include Endural, Qualle™, Groenenboom Container projects & Coating bv., Haulaway Storage Containers, PortItalia S.p.A.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Returnit and Endural are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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