Quiqup, a London-based on-demand delivery startup, has finalised a “multi-million pound” Series A funding round, with lead investors Delivery Hero and Global Founders Capital (investment fund of Rocket Internet).
The decision for Quiqup to select Delivery Hero and Rocket Internet as their new investors was influenced by their experience in supporting and building truly global businesses. Most importantly they are aligned with Quiqup’s ambitions to become a leader in the on-demand delivery space, with a key focus on food delivery. Delivery Hero, which operates the hungryhouse brand in the UK, is the largest global company in online food ordering (currently: IPO rumours).
Quiqup provides an enhanced delivery experience across many verticals, including food, groceries, fashion and electronics. Whatever you need, Quiqup can get it now, all in under an hour. The app is offering brick and mortar retailers the opportunity to compete in ecommerce, by making their products immediately available to the consumer. After launching in September 2014, Quiqup has fulfilled well over 100,000 orders in under a year. Quiqup is available in the App Store and on Google Play. It will also be on a web platform soon.
CEO and co-founder, Bassel El-Koussa stated: “We are grateful to have secured investments that will act as a launchpad for Quiqup’s growth and competitiveness in an industry that is witnessing fundamental change. It is our aim to use this funding to increase our market share in the UK and expand our business to further markets.”
Niklas Ostberg, CEO of Delivery Hero said: “Quiqup provides an amazing product, combining an great app with reliable on demand delivery. We are excited to see such explosive growth, we are natural partners to scale this business.”