Quiqup raises multi-million pound funding from Delivery Hero and Global Founders Capital
16 SEPTEMBER 2015, LONDON
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 decision for Quiqup to select Delivery Hero and Rocket Internet 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. Given Quiqup’s expertise in last mile delivery and Delivery Hero’s global scale, there are extensive synergies and knowledge to be shared between both groups.
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 e-commerce, 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.”
Quiqup is available in the App Store and on Google Play. It will also be on a web platform soon. Quiqup was also a featured launch partner for Apple Pay in the UK.
Quiqup, is the on-demand pickup service that hand-delivers the best of London to your door. Quiqup will pickup at the local stores you love and recommend places you never knew existed. Use Quiqup to place your order in seconds and you'll receive it within an hour. All of the Quiqees are carefully selected and will go the extra mile to make your pickup perfect, they can even search multiple stores for out-of-stock products. Avoid the stress, crowds, traffic, and queues. Save hours, safe in the knowledge that Quiqup will deliver the goods when you need them. Whatever you need, Quiqup can get it now.
About the Quiqup Founders
Quiqup was started in September 2014 by Bassel El-Koussa (28), Danny Hawkins (34), Tim Linssen (27), Federico Ferraro (25), and Rami Idriss (26). The Quiqup founders met at a venture capital fund and began to brainstorm on beginning their own business. The founders come from very diverse backgrounds and cultures.
About Delivery Hero
Delivery Hero is a global network of online ordering platforms for food with more than 200,000 partner restaurants worldwide. Delivery Hero has c. 2,500 employees in 34 countries, including 700 in its Berlin headquarters. Investors in the company include among others Insight Venture Partners, Kite Ventures, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital, Rocket Internet and Vostok Nafta.
About Global Founders Capital
Global Founders Capital is a globally oriented, stage agnostic venture fund that empowers gifted entrepreneurs worldwide. Their current portfolio includes Kreditech, Traveloka, DaWanda, as well as MarleySpoon and TakeEatEasy and many others. Global Founders Capital has previously invested in Facebook, Linkedin, Trivago and many other global success stories. Additional information can be found at http://www.globalfounders.vc.