Quiqup, a London, UK-based startup that offers on-demand logistics services to consumers and retailers of all sizes and across industries, raised £20m in Series B funding.
The round was led by JOBI Capital, with participation from Transmed, a FMCG distributor in the Levant, Gulf and Africa, and existing investors. In conjunction with Bilal Mekkaoui, Managing Partner at JOBI Capital, will be joining the board as part of the investment.
The company intends to use the funds to accelerate technology and operations, as well as to fuel national and international expansion plans. Currently operating across London, Quiqup plans to launch in a number of additional major UK cities in 2017, and begin its international expansion.
Led by Bassel El Koussa, CEO and co-founder, the company provides flexible on-demand delivery services to businesses of all sizes, as well as to individuals, by using technology solutions including:
– A mobile and web app allowing consumers to shop, pick up, and drop off anything from retailers across London,
– Quiqdash, a web app, that allows smaller retailers to instantly order or schedule a delivery, and
– An API integration service that incorporates its delivery service into large retailers’ e-commerce solutions, allowing customers to order directly from the retailer’s website.
Quiqup works with a variety of retailers, both large and small, ranging from big-name brands like Whole Foods and Burger King to independent florists, pharmacists and grocers across London. Since launching, it has experienced 170% growth year-on-year and delivered over 550,000 orders.
The company now has a headcount of over 110 employees and over 2,000 self-employed couriers.