Quiqup exits food delivery business to focus on $400 billion online retail market in MENA
Quiquup, a delivery company, focuses exclusively on e-commerce last mile delivery. With the exponential growth of e-commerce in the UAE and a $400 billion addressable market in the MENA region, Quiqup will exit the overcrowded food delivery industry and focus its efforts solely on last-mile e-commerce operations.
This shift, part of its mission to stay in step with consumer trends, is a natural transition in light of clear indications that 40% of transactions in the company’s $1 trillion retail market MENA region will be conducted online. Such a realignment will increase the need for fast last mile delivery services, and Quiqup is well positioned to meet this need.
Quiqup has transformed the last mile experience in the region by using advancements in artificial intelligence and machine learning models to deliver frictionless delivery experiences, while solving the fundamental problems of last mile deliveries. kilometer in the GCC market. It stands out from others in the field because of its investment in proprietary technologies that have enabled it to innovate at every stage of the operation. This has given it the flexibility to design a customer-centric delivery experience and achieve the fastest delivery speeds and a 99% success rate, the company claims to be the highest in the region.
Quiqup CEO, Bassel El Koussa, said, “The accelerated growth of e-commerce in the region over the past two years has naturally paved the way for this path. We have seen an increase in demand for our services from established e-commerce players in the market as well as many promising new players. Quiqup’s mission is to create an effortless delivery experience, supporting both e-merchants and their customers.
Quiqup has been able to develop the capacity to provide tailor-made solutions for large companies and has become the last mile partner of choice for several large distribution groups, such as the Chalhoub group.
Elmehdi TahabouamriGroup Head of Transportation at Chalhoub Group believes that Quiqup is a strong partner with the right technology, the ability to quickly scale the operation and, most importantly, the right customer-centric mindset.
He added: “Our ambition is to continually delight our customers and improve their shopping experience. Our commitment is to always be reliable, fast, flexible and to offer full transparency on the buying journey.
With 84% of young people in the MENA region keen to become entrepreneurs and the exponential growth of e-commerce SMEs in the region, Quiqup fully intends to become their growth partner in the region by serving as a catalyst that helps young entrepreneurs and SMEs with an easy grip. -and-play end-to-end solutions, where SMBs can launch their business with Quiqup within 24 hours.
Quiqup also recently launched Warehousing and Fulfillment Services to help SMBs launch their business through a complete solution service.