Jobi Capital in £20m series-B for Quiqup

The fresh funding will enable the company to undertake an international expansion strategy and invest in product development. Prior to launching internationally, the London-focused company intends to expand into additional UK cities.

Jobi managing partner Bilal Mekkaoui will take a seat on the Quiqup board as part of the deal.

Trade backer Transmed also took part in the funding round.

Previous funding
Global Founders Capital and Delivery Hero provided Quiqup with an undisclosed sum of series-A funding in September 2015.

Company
Founded in 2014 and headquartered in London, Quiqup provides on-demand delivery services to businesses and consumers, via its website, mobile app and a service that enables large retailers to incorporate the delivery service into their own e-commerce platforms. In particular, the company enables a quicker delivery service than typical e-commerce companies by delivering off-the-shelf items from bricks and mortar stores, as opposed to warehouses.

Quiqup currently focuses on the London region, working alongside businesses including Burger King, Whole Foods, independent florists, pharmacists and grocers. It has a headcount of 110, with an additional 2,000 self-employed couriers.

People
Jobi Capital – Bilal Mekkaoui (managing partner).
Quiqup – Bassel El Koussa (CEO, co-founder).

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