Dubai, UAE-based Quiqup, a same-day delivery startup, on Tuesday announced that the company has raised over $5.5 million in a funding round led by Delivery Hero.
Founded in 2014 by Bassel El Koussa (CEO), Danny Hawkins (CTO) and Tim Linssen, Quiqup provides on-demand, same-day, and scheduled delivery solutions to retailers and restaurants. The company aims to reinvent the way consumer urban deliveries are done for better business, better cities, and better living.
Quiqup previously raised funds from Cedar Mundi Ventures, JOBI Capital, and Transmed. The company also said that the freshly-raised capital will be deployed towards the expansion of its AI-driven logistics infrastructure.
Speaking of the development for Quiqup, Iyad Kamal, logistics veteran and ex-COO at Aramex, who joined Quiqup as a strategic advisor, said,
“Quiqup is changing the game in the e-commerce and delivery space. They have a unique and transformative business model that is a game changer for the region. Same-day delivery is the next frontier in e-commerce logistics and Quiqup has what it takes to crack the model.”
Bassel El Koussa, Co-founder & CEO of Quiqup said,
“The pandemic has enabled us to turn challenges into opportunities. We managed to quickly expand by diversifying our portfolio to include new sectors such as pharmaceutical clients and also add more grocery businesses. These positive developments opened up a whole new universe of clients, which encouraged us to raise further investment.”
Affirming his confidence in the team, Koussa said,
“The power of our team has been another instrumental element to our success during the recent challenging times. Not only did we have the right technology and scalable system to cope with the intense spike of volumes, more importantly, we had a team with a deep sense of solidarity. As the crisis forced retailers to close and people to stay at home temporarily, our team dedicated time and efforts to serve a purpose to keep the community connected with critical medicines or food or fun trinkets that make people smile.”
Speaking about the plans further, Koussa shared,
“Inspired by our success and the projected long-term trends of the space, we are now gearing up for a new phase of expansion to champion on-demand and same-day urban delivery across the GCC region.”
Quiqup claims that it is currently working with over 800 brands – helping it double the size of its business in 2020.