UPS Invests in Same-Day Delivery Service Shutl Ahead of U.S. Launch

Discussion in 'The Latest UPS Headlines' started by cheryl, Aug 29, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Invests in Same-Day Delivery Service Shutl Ahead of U.S. Launch - All Things D

    London-based Shutl, which aims to build a fast delivery service, has received $2 million from one of the biggest logistics companies of them all: UPS.

    Shutl says it plans to use the cash to expand its engineering team, sign up new retail partners and prepare to launch in the U.S. early next year. In addition to the UPS Strategic Enterprise Fund, investors in the round included Hummingbird Ventures and GeoPost.

    The demand to get online purchases to a consumer’s door faster has been around for a long time.