Get immediate access to the latest insights into the UK's business ecosystem. Read the latest here

Investment on-demand: delivery startup Jinn secures sixth round

Beauhurst

Category: Uncategorized

As a company that promises to deliver anything the consumer wishes in under an hour, Jinn appears to have applied this need-for-speed to its own growth strategy.  Since its inception in January 2013, it has advanced rapidly, completing six fundraising rounds totalling £14.7m. The largest of these occurred last week, raising £7.8m from, amongst others, Samaipata Ventures, a Spanish fund that has previously invested in startup OnTruck, which – similarly to Jinn – operates in distribution.

Jinn currently operates in six cities in England and Scotland, and has recently expanded in to Madrid, Spain. As of its previous funding round last April, which saw participation from Elderstreet Investments as well as Samaipata, Jinn was worth £12.6m.

Earlier this year the London-based company was at the heart of discussions around the UK’s fast-growing gig economy and associated low wages, as employees within Jinn’s distribution network are contractually classified as self-employed, thereby removing a minimum wage obligation from their employers.

Discover the UK's most innovative companies.

Get access to unrivalled data on all the businesses you need to know about, so you can approach the right leads, at the right time.

Book a 40 minute demo to see all the key features of the Beauhurst platform, plus the depth and breadth of data available.

An associate will work with you to build a sophisticated search, returning a dynamic list of organisations matching your ideal client.