Quiqup puts e-shoppers at the centre of a delivery experience

DUBAI: In 2014, a delivery service that was born out of an apartment in London saw a unique e-commerce opportunity.

Initially, it was launched as a delivery service for consumers in the global city, where the space was increasingly getting crowded with food delivery players.

So, the brains behind the start-up decided to pivot away to focus on powering e-commerce businesses in becoming more competitive with their offerings by delivering a more shopper-centric experience, which is an artificial intelligence (AI)-enabled platform built on speed and convenience. That’s the genesis of Quiqup, which loosely means ‘quick urban services’.

Bassel El Koussa, co-founder and CEO, Quiqup — and an “entrepreneur by chance” — weighed in on one of the fastest-growing last-mile delivery companies in the UAE.

“When pivoting into the new model we saw the UAE as the perfect market, and we backed ourselves with the right intent while shifting gears and continent. The nascent e-commerce ecosystem in 2018 and the innovative mindset of society in this young nation made for a perfect fit to launch this business where we can help in shaping the future of a sector that was on the precipice of rapid growth, despite the unforeseen Covid-19 challenges,” said El Koussa, who was born and raised in Beirut, Lebanon.

His impeccable credentials — he had obtained a postgraduate degree in international management from SOAS University in London in 2008 and then worked for a manufacturing business in Saudi Arabia and after a couple of years, he enrolled for a degree in finance at the Imperial College in London that stood him in good stead to join the venture capital industry.

The four-year stint in the supply chain management sector has come in handy for El Koussa.

“At the outset, the funding was done by my three other co-founders and me and was bootstrapped for a while. Later, the company raised a Series A round from institutional investors such as JOBI Capital and Delivery Hero. The company went on to raise a pre-series B round, focussed on enabling the pivot of the business, from more institutional investors such as IFA Capital, Transmed, B8 Ventures as well as follow-on investment from existing shareholders at the time,” said El Koussa.

‘Quiqup’s first major milestone is to become a regional champion in e-commerce logistics and creating a platform for the booming sector to have a plug-and-play solution to their operations and delivery. We’ve been covering the length and breadth of the UAE since 2020 and our logical progression will be to expand to the Kingdom of Saudi Arabia (KSA) by next year,” he added.

The start-up has 65 employees from over 30 nationalities and 45 of them are based in Dubai and the rest are doing remote work from across the globe such as South America, Europe, Lebanon, India, and Rwanda.

Sporter, Chalhoub, The Giving Movement, Virgin, Apparel Group, Hadia Ghaleb, BEX Beauty, Peacefull and Eyewa are some of the brands that work with Quiqup.

Courtesy: Khaleej Times