Velocity to invest ₹100 crore over 2 yrs to expand AI-led shipping platform
E-commerce enablement platform Velocity on Monday said it has earmarked Rs 100 crore to scale its logistics business, Velocity Shipping, over the next two years.
The investment will be funded entirely through internal cash reserves and revenues from the company's core businesses.
Since its launch in 2025, Velocity Shipping (formerly Shipfast) has onboarded over 900 brands. The platform is currently witnessing 70 per cent month-on-month growth in order volumes, according to a company statement, and now contributes nearly 40 per cent of Velocity's overall revenues.
The Rs 100 crore investment will be directed toward strategic hiring, product development, and AI-led innovation across the logistics value chain.
The company plans to double its shipping team and has already made senior hires to strengthen its last-mile capabilities.
Velocity Shipping works with multiple third-party logistics (3PL) partners, including Delhivery, Ekart, Amazon, Blue Dart, Blitz, Pikndel and XpressBees, an