On-demand delivery service Quiqup has closed a multi-million pound Series A funding round backed by lead investors Delivery Hero and Global Founders Capital, the investment fund for Rocket Internet.
Delivery Hero,which operates the hungryhouse brand in the UK, is the largest global company in online food ordering and Quiqup is now looking to capitalise on the extensive synergies between both groups.
Quiqup’s delivery services operate across a number of verticals, including food, groceries, fashion and electronics and offers 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 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. 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 added: “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.”