About Quiqup
Quiqup is a company based in Dubai (United Arab Emirates) founded in 2014 by Rami Idriss, Danny Joseph Hawkins, Tim Linssen, Bassel El Koussa, and Federico Ferraro.. Quiqup has raised $44.24 million across 6 funding rounds from investors including Delivery Hero, Ministry of Finance and Cedar Mundi Ventures. The company has 11 employees as of February 28, 2021. Quiqup offers products and services including Fulfilment Service, Delivery Service, International Delivery, Returns Service, and Tracking Service. Quiqup operates in a competitive market with competitors including Zedify, Relay, On the dot, Orkestro and ShipMyKart, among others.
- Headquarter Dubai, United Arab Emirates
- Employees 11 as on 28 Feb, 2021
- Founders Rami Idriss, Danny Joseph Hawkins, Tim Linssen, Bassel El Koussa, Federico Ferraro
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Quiqup Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44.24 M (USD)
in 6 rounds
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Latest Funding Round
$1.36 M (USD), Debt – Conventional
Mar 07, 2022
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Investors
Delivery Hero
& 5 more
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Employee Count
11
as on Feb 28, 2021
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Products & Services of Quiqup
Quiqup offers a comprehensive portfolio of products and services, including Fulfilment Service, Delivery Service, International Delivery, Returns Service, and Tracking Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages storage, picking, and packing for e-commerce orders.
Offers fast and reliable domestic delivery options.
Facilitates shipping to international markets like KSA.
Handles efficient returns processing for customers.
Provides real-time order tracking and notifications.
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Funding Insights of Quiqup
Quiqup has successfully raised a total of $44.24M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.36 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $1.4M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Debt – Conventional - Quiqup | Valuation |
investors |
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| Nov, 2020 | Amount | Series B - Quiqup | Valuation | Delivery Hero | |
| Feb, 2019 | Amount | Series B - Quiqup | Valuation | Jobi |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Quiqup
Quiqup has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Delivery Hero, Ministry of Finance and Cedar Mundi Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in early-stage disruptive technologies are provided.
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Founded Year | Domain | Location | |
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Jobi Brands is focused on creating and investing in consumer brands.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Quiqup
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Quiqup
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quiqup Comparisons
Competitors of Quiqup
Quiqup operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zedify, Relay, On the dot, Orkestro and ShipMyKart, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Zero-emission last mile delivery solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Tech-enabled ecommerce delivery services are provided for retailers.
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| domain | founded_year | HQ Location |
Provides fast courier services including same day and international deliveries for businesses.
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| domain | founded_year | HQ Location |
Local delivery services are optimized for businesses via courier consolidation.
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| domain | founded_year | HQ Location |
Provides cloud-based delivery services for e-commerce operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Quiqup
Frequently Asked Questions about Quiqup
When was Quiqup founded?
Quiqup was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Quiqup located?
Quiqup is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Quiqup?
Bassel El Koussa is the current CEO of Quiqup. They have also founded this company.
Is Quiqup a funded company?
Quiqup is a funded company, having raised a total of $44.24M across 6 funding rounds to date. The company's 1st funding round was a Series B of $6.45M, raised on Sep 15, 2015.
How many employees does Quiqup have?
As of Feb 28, 2021, the latest employee count at Quiqup is 11.
What does Quiqup do?
Quiqup was founded in 2014 and is headquartered in Dubai, United Arab Emirates. An on-demand delivery platform is offered in the logistics sector, serving both consumers and businesses. A mobile app enables users to order from partner shops or submit custom requests, with deliveries handled by independent agents. Businesses can integrate the platform into their online checkout via API, supported by features such as live tracking.
What products or services does Quiqup offer?
Quiqup offers Fulfilment Service, Delivery Service, International Delivery, Returns Service, and Tracking Service.
Who are Quiqup's investors?
Quiqup has 6 investors. Key investors include Delivery Hero, Ministry of Finance, Cedar Mundi Ventures, Transmed, and Jobi Brands.
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