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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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik