On-demand delivery app Quiqup bags “multi-million” Series A round
Delivery Hero and Rocket Internet's Global Founders Capital have backed London start-up which delivers everything from groceries to fashion
Quiqup, an on-demand delivery app based in London, has closed a “multi-million” Series A round with investment from Delivery Hero – the brand behind hungryhouse UK – and Global Founders Capital; the investment fund for Rocket Internet.
Launched in September 2014, Quiqup works with bricks and mortar retailers to help deliver their products and claims to have completed over 100,000 orders to date for everything from food and fashion, to groceries and electronics.
With a mission to become a leader in the on-demand delivery space, the start-up will use the funding to increase its market share in the UK and expand the business.
Quiqup CEO and co-founder, Bassel El-Koussa, said:“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.
Scott Fletcher, CEO of hungryhouse, said the deal with enable it to extends its key product hungryhouse Express “and ensure that hungryhouse extends its already high growth in the UK market”.