Quick

Company Overview

Snapshot

Founded in June 2017 by Alon Zamir and Ofir Steinberg, Quick operates with 51–200 employees. The company has raised a total of $40.6M across 3 funding rounds from 4 investors. A significant milestone for Quick was its public listing on the TASE in March 2021.

Business overview

Quick is an online supermarket delivery service that partners with local supermarkets to offer delivery within four hours, without delivery charges. The company's core technology facilitates online ordering and efficient logistics, serving the retail and e-commerce sectors, specifically targeting consumers in the grocery market.

Strategic signal

In March 2022, Electra Consumer Products acquired Quick, signaling a significant consolidation within the online retail and delivery market. This acquisition by a major consumer products entity suggests a strategic move to integrate Quick's online supermarket capabilities into a broader retail ecosystem, potentially enhancing market reach and operational efficiencies for both entities.

Company Intelligence Q&A

When did Quick go public?

Quick went public on the TASE in March 2021.

Who acquired Quick?

Electra Consumer Products acquired Quick in March 2022.

Which investors participated in Quick's June 2019 funding round?

In June 2019, Quick received investment from The Central Bottling Company and Union Tech Ventures.

What was a key development for Quick in October 2018?

In October 2018, SuperPharm invested in Quick during a seed funding round.

What was the reported financial performance of Quick in November 2021?

In November 2021, Quick reported a return to losses, with sales decreasing by 30% during the Jewish holiday season.