# Quiqup

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quiqup

- Industry: Logistics & Distribution
- Headquarters: London, UK
- Website: www.quiqup.com
- Total disclosed funding: $45M
- Latest round: Series B (Nov 24, 2020)
- Investors on record: 6

## About

Quiqup Limited is a logistics company specializing in fast delivery and e-commerce fulfilment services, enhancing operational efficiency for businesses in the e-commerce sector.Quiqup Limited, founded in 2014, is headquartered in London, UK. The company provides logistics solutions including delivery and fulfilment services. The founders include Bassel Koussa, Danny Hawkins, Federico Ferraro, Rami Idriss, and Tim Linssen, with Bassel Koussa serving as CEO. Quiqup has completed 6 deals, with the most recent being a Venture Debt round in March 2022, raising AED 5 million from the Mohammed Bin Rashid Innovation Fund, bringing their total raised to AED 5.5 million.Quiqup primarily offers fast delivery and e-commerce fulfilment services designed to streamline the logistics operations of e-commerce brands. Their core product suite includes same-day and international delivery services, alongside comprehensive order fulfilment solutions encompassing storage, picking, packing, and delivery. These services cater to a diverse clientele, ranging from small startups launching their first e-commerce ventures to established enterprises with higher-volume operations. Quiqup's technology-driven approach enables clients to provide real-time tracking, automated delivery notifications, and a user-friendly dashboard for managing their logistics seamlessly. Their geographical market extends beyond the UAE, as they facilitate worldwide shipping and access to international markets, enabling clients to scale their businesses globally.The revenue model for Quiqup is structured around service-based transactions tailored to the needs of various clients within the e-commerce sector. Clients, including direct-to-consumer brands and established retailers, engage Quiqup for logistics solutions that encompass both delivery services and fulfilment operations. As a B2B service provider, Quiqup charges clients based on their specific logistical needs, which may involve a combination of fixed fees and variable costs based on volume and service frequency. This model enables clients to pay for services such as same-day delivery or international shipping as they utilize Quiqup’s offerings. Additionally, partnerships with brands may involve retention agreements or commission structures based on the volume of orders delivered, ensuring a mutually beneficial relationship as clients scale their operations.In March 2022, Quiqup Limited raised AED 5 million in venture debt funding led by the Mohammed Bin Rashid Innovation Fund. The company plans to use this funding to continue investing in research and expand its operations across the region. Specific plans involve the development and launch of new products aimed at enhancing their service offerings and potentially entering new geographic markets. The exact timelines for these expansions and product launches will be confirmed as the company progresses with its strategic initiatives.

## Funding rounds

- Series B, Nov 24, 2020, $5.5M — Delivery Hero SE, JOBI Capital, Transmed, Cedar Mundi Ventures
- Series B, Feb 12, 2019, $13M — JOBI Capital, Cedar Mundi Ventures, Alchimia Investments
- Series B, Apr 13, 2017, $25M — Global Founders Capital, Delivery Hero SE, JOBI Capital, Transmed
- Series A, Jul 23, 2015, $1.3M — Global Founders Capital, Delivery Hero SE

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B
- Delivery Hero SE — Series A, Series B
- JOBI Capital (https://capitalatlas.ai/funds/jobi-capital) — Series B
- Transmed — Series B
- Cedar Mundi Ventures (https://capitalatlas.ai/funds/cedar-mundi-ventures) — Series B
- Alchimia Investments (https://capitalatlas.ai/funds/alchimia-investments) — Series B