Same-Day-Delivery Trend Fuels Additional Investment in Shutl

It must cost a lot to deliver packages on the same day people buy them, because Shutl has just secured an additional $3.2 million before its U.S. launch. In August, it raised $2 million from the UPS Strategic Enterprise Fund for the same purpose. Investors in this round include e.ventures and Notion Capital in addition to existing shareholders. The service will launch in New York and San Francisco during the first quarter, and then in 10 additional cities after that. This week, Walmart and eBay also announced same-day delivery tests.


Latest Video

View all videos »

Search »

Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus