Quiqup, the London-based last-mile delivery startup, has secured $13 million in its recently wrapped up funding round. The company announced Feb 12 that it is going to utilize the new fund in its kitty to expand to the Middle East and North Africa, a region that is witnessing a sharp rise in demand for quality last-mile delivery solutions.
The latest funding round was led by Quiqup’s existing investor New York-based Jobi Capital, with a significant contribution coming from Beirut-based Cedar Mundi Ventures.
Launched in 2014 by co-founders Danny Hawkins, Bassel El Koussa, Rami Idriss, Tim Linssen, and Federico Ferraro, Quiqup deploys an extensive network of freelance drivers to offer a wide spectrum of last-mile delivery solutions to enterprise-level retails, SMBs, brick and mortar shops, and logistics providers.
The startup already partially rolled out its services in the UAE last year and is currently serving Dubai (with plans to expand to more cities in the region). As part of its expansion roadmap, Quiqup will also build a regional tech hub in Beirut.
Speaking of the company’s growth potential in the MENA region, Dani El-Zein, General Manager of Quiqup UAE, said: “The tremendous growth that we have seen in Dubai proves that the GCC region, and MENA more broadly, are exceptional opportunities for Quiqup. We are looking forward to building on the success that we are having in Dubai as we expand across the region.”
Quiqup claims its Dubai operations already saw double-digit growth with the company now serving 125 clients including some big brands.