New Delhi: E-commerce platform Velocity plans to invest Rs 100 crore in the next two years to expand its logistics business ‘Velocity Shipping’. This investment will be made entirely from the company’s internal cash reserves and earnings from its core business. Velocity Shipping (formerly ShipFast) has added more than 900 brands since its launch in 2025, according to a company statement. Order volumes on the platform are currently growing by 70 percent month-on-month and now contribute about 40 percent of Velocity’s total revenue.
This investment of Rs 100 crore will focus on strategic appointments, product development and artificial intelligence (AI)-based innovation in the logistics value chain, it said. The company said it plans to double its shipping force and has also made senior-level appointments to strengthen its capabilities. Velocity Shipping works with several third-party logistics partners including Delhivery, Ekart, Amazon, Blue Dart, Blitz, Pickandel, and ExpressBees.
Provides services in more than 19,000 ‘pincodes’ across the country. Abhirup Medhekar (CEO), Co-Founder and CEO, Velocity, said, “We started Velocity with the aim of solving one of the biggest hurdles for digital-first brands, ‘access to capital’. “Working with thousands of founders, it became clear that logistics and fulfillment are equally significant barriers to growth, but existing solutions need to evolve to better support digital-first brands.”
He said, “This commitment of Rs 100 crore reflects our long-term belief to double down on shipping while building class-defining digital infrastructure for India’s e-commerce ecosystem.” Established in 2020, Velocity…provides services across capital, logistics, insights and AI-based solutions.