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Flipkart leads $60M investment in logistics startup Shadowfax

Flipkart leads M investment in logistics startup Shadowfax Walmart’s Flipkart has backed Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart led the Series D financing round for the four-year-old Bangalore-based startup, Shadowfax co-founder and chief executive Abhishek Bansal […]

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Korean e-commerce leader Coupang hires Alberto Fornaro as its new chief financial officer

Korean e-commerce leader Coupang hires Alberto Fornaro as its new chief financial officer Korean e-commerce giant Coupang has a new chief financial officer. The company announced today that it has hired Alberto Fornaro, who previously served the same role at International Gaming Technology (IGT PLC), the multinational gaming machine company. Fornaro succeeds […]

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Route’s app auto-tracks all your packages, raises $12M

Route’s app auto-tracks all your packages, raises M Between Amazon, FedEx, UPS, and indie merchants, it’s easy to lose track of when your online purchases will be delivered. And if you’re buying something pricey or important, a lack of shipping insurance can leave you anxious and constantly checking your porch. But a […]

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African logistics startup Lori Systems raises Series A led by Chinese investors

African logistics startup Lori Systems raises Series A led by Chinese investors African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder Iyinoluwa Aboyeji. […]

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Alibaba to invest $3.3B to bump its stake in logistics unit Cainiao

Alibaba to invest .3B to bump its stake in logistics unit Cainiao Alibaba is doubling down on its logistics affiliate Cainiao, two years after acquiring a majority stake in the firm. The Chinese giant said today it would invest an additional 23.3 billion yuan (about $3.33 billion) to raise its equity in […]

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Uber is entering the ads business

Uber is entering the ads business Uber will become an ad platform, selling space inside its Eats app to restaurants hoping to lure in more food delivery orders. A recent Uber job listing spotted by TechCrunch seeks an Uber Eats Ads Lead “to lead the team and efforts responsible for creating a […]

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UPS and CVS deliver prescription medicine via drone to U.S. residential customers for the first time

UPS and CVS deliver prescription medicine via drone to U.S. residential customers for the first time UPS is rolling along with its drone delivery program, working with partner CVS Pharmacy to deliver prescription drugs to customer doorsteps via its newly deployed commercial drones. UPS delivered medications to two paying customers on November 1, […]

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MIT develops a way for autonomous delivery robots to find your front door

MIT develops a way for autonomous delivery robots to find your front door Researchers at MIT have developed a new method of navigation for robots that could be very useful for the range of companies working on autonomous last-mile delivery. In short, the team has worked out how a robot can figure […]

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Prosus Ventures leads $40M investment in Indian logistics startup ElasticRun

Prosus Ventures leads M investment in Indian logistics startup ElasticRun Millions of neighborhood stores that dot large and small cities, towns, and villages in India and have proven tough to beat for e-commerce giants and super-chain retailers are at the center of a new play in the country. A score of e-commerce companies, offline […]

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Looking to become the central hub for logistics management, Shipwell raises $35 million

Looking to become the central hub for logistics management, Shipwell raises million Shipwell, the software platform for managing trucking logistics, has raised $35 million and is expanding its suite of services to become a full-service hub for logistics management.  The new round led by Georgian Partners comes as the company has just […]

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