Ecommerce enablement company Velocity said it has earmarked Rs 100 crore to scale its logistics arm, Velocity Shipping, as it looks to expand its presence in the shipping aggregation market and invest in AI-driven tools across the logistics chain.Velocity Shipping — formerly known as Shipfast — will receive the investment over the next two years, funded through internal accruals and revenue from the company’s core businesses, Velocity said in a statement.Launched in 2025, the shipping platform has onboarded more than 900 brands, around 60% of which are existing Velocity partners. The company said the logistics vertical now contributes roughly 40% of overall revenue and recorded about 70% month-on-month growth in order volumes. In December 2025, the platform processed over one million shipments, according to the company.Velocity plans to deploy the capital toward hiring, product development and AI-led interventions designed to address delivery verification, returns management and billing reconciliation. The company said it intends to double its shipping team and has hired senior executives with prior experience at logistics firms including NimbusPost, Pickrr, Delhivery and Shiprocket. It is targeting a fivefold increase in monthly shipping volumes in calendar year 2026.“We started Velocity by solving one of the biggest bottlenecks for digital-first… Read MoreYourStory RSS Feed
