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 »

The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald