Quiqup , a London-based delivery startup that operates a ‘shop on your behalf’ app similar to Jinn in Europe or Postmates in the U.S., in addition to a growing B2B business, has raised £20 million in Series B funding.
The company says it plans to use the new capital to expand to other U.K. cities beyond London, and to “kick-start” international expansion.
It will also invest heavily in its tech platform, including recruiting more engineers and data scientists, to improve its algorithm. This will enable Quiqup to provide better delivery estimates and to anticipate demand patterns, co-founder and CEO Bassel El Koussa tells me.
Founded originally to let consumers order anything from its app for local same-hour delivery, and with an initial emphasis on food, Quiqup has since expanded its proposition to become vertical agnostic and to providing last-mile delivery to businesses too.
The B2B offering takes the form of “Quiqdash,” a web app that allows smaller retailers to instantly order or schedule a delivery, or a full API integration service that incorporates Quiqup’s delivery service into large retailers’ […]