Hi again Nitin!
A shape blending option like you would expect from illustrator is not present as far as I know.
The closest ideas being the echo effekt or a simple animated shape layer copied 10 times and
with the animation deleted a few frames apart so that you end up with freezed inbetweens.
But depending on the way you want to animate this logo there are much better ways around this.
You could for example create a precomp for a row of spheres wherein you could animate
them with much more control as opposed to a double-repeater setup. Afterwards you put them
in a comp set the anchor point somewhere at the tip of the sphere row and copy+rotate them
around the comp center until you come around your logo completely.
You could calculate the rotation angle for each row or just use cascading parenting for the roatation.
Cascading parenting tutorial
When everything is in place you can achieve some cool effects by offsetting the rows
start time and speed with time remapping and shifting in the timeline.
Hope that helps!
Daniel Zat – Motion Designer & Visual Artist