Quiqup

Quiqup (pronounced quick-up) is a London-based logistics company that provides on-demand delivery services through a network of self-employed drivers.[1] As of June 2017, the company had over 120 employees and over 2000 drivers in its network.[2]

Quiqup Ltd.
TypePrivate
IndustryLogistics, last mile transportation
FoundedSeptember 2014 (2014-09)
FounderTim Linssen, Danny Hawkins, Federico Ferraro, Bassel El Koussa and Rami Idriss
HeadquartersLondon, United Kingdom
ServicesLogistics services, same day delivery, on demand delivery, courier services
Websitequiqup.com

The company currently operates in London. In May 2017, it announced plans to expand to other cities in the UK and internationally.[3]

History

Quiqup was launched in September 2014 by five founders, Tim Linssen, Danny Hawkins, Federico Ferraro, Bassel El Koussa and Rami Idriss.[4] The business began with a consumer facing model, with mobile and web apps where consumers searched and placed orders.[5] Since 2016, logistics services to retailers is also provided.

In June 2017, British retailer Tesco announced it had partnered with Quiqup to offer a one-hour delivery service called "Tesco Now".[6][7]

Funding

In September 2015, Quiqup received an undisclosed amount of funding from a Series A round, led by food ordering service Delivery Hero and Global Founders Capital, an investment arm of the German technology firm Rocket Internet.[8] In May 2017, it raising £20 million in a Series B round led by JOBI Capital and Transmed, as well as existing investors.[9] In May 2019, it has raised another £10m for Middle East expansion.[10]

References
  1. Gavin Jackson (2017-06-18). "Clever finance course mates offer helping hand to founders". Ft.com. Retrieved 2017-07-13.
  2. McGoogan, Cara (2017-05-24). "This start-up will deliver almost anything you can buy on the high street". The Telegraph. telegraph.co.uk.
  3. "A London startup that lets you get anything delivered raised £20 million to expand in the UK". businessinsider.com.
  4. kamsyn (28 June 2016). "Quiqup Disrupts Last mile delivery a Talk with GM Michel Kaloustian". kamsyn.com.
  5. "Quiqup: The start-up taking on Amazon at its own game". Management Today.
  6. Price, Rob (June 26, 2017). "Tesco is launching a 1-hour delivery service as it goes to war with Amazon". Business Insider. Retrieved July 22, 2017.
  7. "Tesco launches one-hour grocery deliveries in London, powered by Quiqup". TechCrunch. Retrieved 2020-12-08.
  8. O'Hear, Steve. "On-Demand Delivery Service Quiqup Picks Up Backing From Delivery Hero And Global Founders Capital - TechCrunch". Techcrunch.
  9. O'Hear, Steve. "Quiqup, a London-based on-demand delivery startup, raises £20M Series B - TechCrunch". Techcrunch.
  10. "Quiqup eyes Gulf expansion after $12.8m funding round".
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