Member Article

London innovative startup delivers multi-million pound investment

Quiqup, an on-demand delivery service, has finalised a multi-million pound Series A funding round, with lead investors Delivery Hero and Global Founders Capital, the investment fund for Rocket Internet.

After interest from a wide range of international investors, the London startup secured financial backing from the duo as they share a key focus on the food delivery audience.

Quiqup provides an enhanced delivery experience in London across many verticals, including food, groceries, fashion and electronics - 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.

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.’

Scott Fletcher, CEO of hungryhouse was also enthusiastic “Our partnership with Quiqup will enable us to extend our key product, hungryhouse Express, and ensure that hungryhouse extends its already high growth in the UK market.”

Daniel Jones, Partner at Global Founders Capital added “Quiqup is a very exciting company operating in the on-demand local logistics space, we were hugely impressed with what the Quiqup team have achieved in a short space of time and we are very excited about the future for the business.”

This was posted in Bdaily's Members' News section by Ellen Forster .