The funding will cement Quiqup’s aspiration to become a leading player in same-day logistics in the UAE
Quiqup, the UAE-based on-demand and same day delivery tech startup, raised over US$ 5.5mn in its most recent funding round which was led by Delivery Hero and supported by strategic shareholders, Cedar Mundi, JOBI Capital, and Transmed.
The company will use this capital to further expand their AI driven logistics infrastructure that enables all businesses to offer best-in-class, fast delivery services to their customers.
In related news, Iyad Kamal, logistics veteran and ex-COO, Aramex, has joined Quiqup as a strategic advisor. “Same-day delivery is the next frontier in e-commerce logistics and Quiqup has what it takes to crack the model,” asserted Kamal.
Launched in 2017, Quiqup was established as a tech scale-up building a decentralized, AI-powered, last-mile logistics infrastructure to offer on-demand and same-day delivery services for retailers and restaurants of all sizes. Quiqup anticipates that consumers will maintain their new digital purchasing habits regardless of the long-term side effects of the pandemic, the company revealed in a press communiqué.
Last-mile delivery has become much more complex with the increasing urbanization of our cities. The problem Quiqup committed to solve is to offer quicker and more efficient delivery thanks to a network of professional couriers in constant motion.
“Inspired by our success and the projected long-term trends of the space, we are now gearing up for a new phase of expansion to champion on-demand and same-day urban delivery across the GCC region,” affirmed Bassel El Koussa, Co-founder and CEO, Quiqup.
