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Quiqup (pronounced quick-up) is a Dubai-based logistics company that provides last-mile e-commerce delivery services throughout the UAE. [1] As of June 2022, the company had over 100 employees across the globe, and over 200 drivers in its fleet in the UAE.
 | |
| Company type | Private |
|---|---|
| Industry | Logistics, last mile transportation |
| Founded | September 2014 |
| Founder | Tim Linssen, Danny Hawkins, Federico Ferraro, Bassel El Koussa and Rami Idriss |
| Headquarters | Dubai, United Arab Emirates |
| Services | Logistics services, same day delivery, on demand delivery, courier services |
| Website | quiqup |
The company currently operates in the United Arab Emirates. In 2022, it announced plans to expand internationally to other countries in the MENATP region. [2]
Quiqup offers multiple q-commerce services to its clients, as fast as 2 hours and as far as all UAE emirates in 24 hours. They serve e-commerce clients of all sizes, from emerging brands like The Giving Movement to large enterprises such as Alshaya and Chalhoub Group.[citation needed]
History
editQuiqup was launched in September 2014 by five founders, Tim Linssen, Danny Hawkins, Federico Ferraro, Bassel El Koussa and Rami Idriss.[3] The business began with a consumer facing model, with mobile and web apps where consumers searched and placed orders.[4] 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".[5][6]
In 2019, Quiqup moved its headquarters to the United Arab Emirates, transitioning to B2B deliveries. Since then the company has grown in the E-commerce space until a clear transition in August 2022, to focus purely on the growing Q-commerce space in the MENATP region. [7]
Funding
editIn 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
edit- ^ "Quiqup".
- ^ "Quiqup to focus exclusively on e-commerce last-mile operations". 11 August 2022.
- ^ kamsyn (28 June 2016). "Quiqup Disrupts Last mile delivery a Talk with GM Michel Kaloustian". kamsyn.com.
- ^ "Quiqup: The start-up taking on Amazon at its own game". Management Today.
- ^ Price, Rob (26 June 2017). "Tesco is launching a 1-hour delivery service as it goes to war with Amazon". Business Insider. Retrieved 22 July 2017.
- ^ "Tesco launches one-hour grocery deliveries in London, powered by Quiqup". TechCrunch. Retrieved 8 December 2020.
- ^ "Quiqup to focus exclusively on e-commerce last-mile operations". 11 August 2022.
- ^ O'Hear, Steve (15 September 2015). "On-Demand Delivery Service Quiqup Picks Up Backing From Delivery Hero And Global Founders Capital - TechCrunch". Techcrunch.
- ^ O'Hear, Steve (23 May 2017). "Quiqup, a London-based on-demand delivery startup, raises £20M Series B - TechCrunch". Techcrunch.
- ^ "Quiqup eyes Gulf expansion after $12.8m funding round". Arabian Business. March 2019.