Quik Technologies And Investments Ltd

Quik Technologies And Investments Ltd, known in Hebrew as קוויק סופר אונליין בע"מ (Quik Super Online Ltd), is an Israeli company that operates an online grocery platform under the Quik brand. The company was founded on 17 June 2017 under the name "Bring Bring Solutions Ltd" and began operating under the Quik brand in December 2018. Its founders are Alon Zamir, Shai Bazerno, Haniel Almakeyes, Yosef Gabai, Avraham Yaakov, and Ofir Steinberg. The company is headquartered in Israel and its official website is quik.co.il. Quik operates an online-only grocery model, selling food, toiletries, and cleaning products without physical stores. Rather than holding inventory, the company partners with medium and large supermarkets, mainly in city centers. Each customer is assigned to the nearest participating supermarket and can order products sold by that store. In addition to home delivery, customers can collect packed groceries from some of the participating supermarkets. The company competes with retail chains such as Shufersal and Mega Retail, which also sell online alongside their physical branches. The company attracted investment from major Israeli retail and beverage players. In September 2017, the Central Company for the Production of Soft Drinks joined as an investor; in November 2018, Super-Pharm joined; and in May 2019, Union Investments and Development joined. By April 2021, these three companies held approximately 46% of the ownership in the company. In February 2021, the company changed its name to its current Hebrew name, Quik Super Online Ltd. In March 2021, the company's securities began trading on the Tel Aviv Stock Exchange in an initial public offering that raised 88 million shekels at a pre-money valuation of 300 million shekels. However, the company's market value declined significantly in the following months, falling to about a quarter of its post-IPO value within nine months and to less than a sixth in the following year. According to its stock exchange reports, the company was loss-making throughout its years of operation, and during the COVID-19 pandemic, despite a booming retail sector, its losses deepened. In August 2023, Electra Consumer Products acquired the entire online sales activity of the company, after previously holding 51% of the ownership in that activity. The company remains active as a corporate entity, with its online grocery operations now under Electra Consumer Products.

Quik Technologies And Investments Ltd was founded on 17 June 2017 under the name "Bring Bring Solutions Ltd" by Alon Zamir, Shai Bazerno, Haniel Almakeyes, Yosef Gabai, Avraham Yaakov, and Ofir Steinberg. In September 2017, the Central Company for the Production of Soft Drinks joined as an investor. In November 2018, Super-Pharm joined as an investor, and in December 2018, the company began operating under the Quik brand. In May 2019, Union Investments and Development joined as an investor. By April 2021, these three companies held approximately 46% of the ownership in the company. In February 2021, the company changed its name to Quik Super Online Ltd. In March 2021, the company's securities began trading on the Tel Aviv Stock Exchange in an IPO that raised 88 million shekels at a pre-money valuation of 300 million shekels. However, the company's market value declined sharply: within nine months it fell to about a quarter of its post-IPO value, and in the following year it fell to less than a sixth. According to its stock exchange reports, the company was loss-making throughout its years of operation, and during the COVID-19 pandemic, despite a booming retail sector, its losses deepened. The company operated an online-only grocery model, selling food, toiletries, and cleaning products without physical stores. It did not hold inventory; instead, it partnered with medium and large supermarkets, mainly in city centers. Each customer was assigned to the nearest participating supermarket and could order products sold by that store. In addition to home delivery, customers could collect packed groceries from some participating supermarkets. The company competed with retail chains such as Shufersal and Mega Retail, which also sell online alongside their physical branches. In August 2023, Electra Consumer Products acquired the entire online sales activity of the company, after previously holding 51% of the ownership in that activity. The company remains active as a corporate entity, with its online grocery operations now under Electra Consumer Products.

• Founded as Bring Bring Solutions Ltd

• Central Company for the Production of Soft Drinks joins as investor

• Super-Pharm joins as investor

• Begins operating under the Quik brand

• Union Investments and Development joins as investor

• Name changed to Quik Super Online Ltd

• IPO on Tel Aviv Stock Exchange, raising 88 million shekels

• Electra Consumer Products acquires full online sales activity

Online-only grocery platform partnering with local supermarkets, competing with traditional retail chains in Israel.

• Online grocery delivery

  Home delivery of food, toiletries, and cleaning products ordered online.

• Click-and-collect

  Customers can collect packed groceries from some participating supermarkets.

1. 1Quik Technologies And Investments Ltd - Wikidatawikidata.org
2. 2קוויק סופר אונליין - Wikipedia (Hebrew)he.wikipedia.org