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.


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There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google