QUIQUP INNOVATIONS PRIVATE LIMITED

Business Overview

• Quiqup Innovations Private Limited is a Hyderabad (Telangana)-headquartered, DPIIT-recognised startup operating in the on-demand/hyperlocal logistics and courier space.
• TheCompanyCheck associates the company with the brand "PIQYU", web-enabled 3PL hyperlocal delivery services, domain piqyu.com, and reports ~70 employees as of EPFO data (Apr 2024).
• The company's registered NIC classification covers "supporting and auxiliary transport activities / travel agency activities." No independent primary-source confirmation, e.g., own website "About Us", of the business description was available — piqyu.com currently shows only a "Launching Soon" placeholder page, so this description should be treated as partial/unconfirmed.

Sector & Classification

NIC U63090 — "Supporting and auxiliary transport activities, activities of travel agencies" (Tofler). TheCompanyCheck categorizes the business as "Logistics, Postal & Courier". Note: TheCompanyCheck shows a CIN change to U86905TG2021PTC148618 (from U63090...), consistent with a NIC/activity re-classification filed with RoC — same legal entity.

Directors & Key Management

GST Registrations

Not obtained. No source surfaced an actual GSTIN for this entity. Tofler's dedicated GST page for this CIN 404'd; TheCompanyCheck and Falconebiz explicitly gated/omitted GSTIN behind premium access or showed nothing. PAN itself is also not confirmed (see PAN field), which blocks independent GSTIN derivation. Do not infer a GSTIN.

Financials

• Standalone financials, RoC-filed, per Tofler/TheCompanyCheck, likely FY2024/FY2025 data: TheCompanyCheck reports Revenue (FY2024) ≈ ₹25.37 Cr (+38% YoY).
• Tofler, referencing ~FY2025 data, shows only YoY % deltas with absolute figures locked behind subscription: Revenue -6.49%, EBITDA -6.6%, Net Profit +190.59%, Net Worth -7.96%, Borrowings +47.15%, Total Assets +3.46%
• Also Gross Margin 0.27, Operating Margin -0.13, Net Profit Margin 7.03%, ROE 7.53%, ROCE -2.41%, Debt-to-Equity 0.18.
• These two data points, TheCompanyCheck's absolute FY2024 revenue vs Tofler's FY2025 YoY deltas, could not be cross-verified against each other for consistency — treat as partial/unconfirmed absolute figures beyond the FY2024 revenue number.
• No EBITDA/PAT/net worth absolute rupee figures obtained.

Funding History

• Not obtained / none found.
• No funding rounds, investor names, or Tracxn-style round tags were located, Entrackr search returned zero mentions of "Quiqup"; no Inc42/Moneycontrol coverage found.
• Given the small paid-up capital (₹1.28 lakh) and no registered charges, this appears to be a lightly capitalized entity with no reported institutional funding round as of this research.

Shareholding

• Not obtained. Both Tofler, "not disclosed on page", and TheCompanyCheck, shareholding "locked — premium access required", failed to surface the shareholding pattern/cap table.

Loans & Charges

• None registered. Tofler: "As per information available, the company has no registered charges." TheCompanyCheck: "Borrowings/Charges: None registered with ROC." Two sources agree — confirmed.

Related Parties

• Group/network companies sharing a common director, per Tofler and TheCompanyCheck, both agree: (1) IAGRI FOODS PRIVATE LIMITED — status Strike Off, paid-up capital ₹1.0 lakh, common director, Neeruganti Prasanth Reddy
• (2) RRR SHELTER AND FOUNDATION — status Active, paid-up capital ₹10,000, common director, Neeruganti Prasanth Reddy.
• No parent/holding company relationship, e.g., to the UK-based "Quiqup" brand, could be confirmed from these sources despite the name similarity — flagged as an open question, not stated as fact.

Credit Ratings

• Not obtained / none found. No CRISIL/ICRA/CARE rating located for this entity
• Company size, ₹1.28 lakh paid-up capital, no charges, makes a formal credit rating unlikely. Tofler assigns an internal "Tofler Score" of "Poor", its own proprietary governance/growth/sustainability metric, not a credit rating agency score.

Legal & Compliance

• One case found on Indian Kanoon: "Hala Mobility Private Limited v.
• Quiqup Innovations Private Limited" — Telangana High Court, Hyderabad, dated 26 March 2026, respondent: Quiqup Innovations Private Limited; counsel for applicant noted as Hemanth Kumar Vemuri.
• Case nature/outcome not detailed in the indexed snippet — treat as a flagged legal proceeding requiring the full order text for details, not a confirmed adverse judgment.

Competitive Landscape

• Per TheCompanyCheck's peer listing: Grab, large, pan-Asia scale, Delhivery, large, listed logistics major, Shadowfax, large, unicorn-scale hyperlocal logistics, Dunzo, mid, hyperlocal delivery, financially distressed, XpressBees, large, unicorn-scale logistics, LoadShare, mid, hyperlocal/last-mile logistics, Holisol, small-mid, 3PL/warehousing, Parcellab, mid, delivery-experience SaaS, Ripplr, small, last-mile logistics.
• Scale tags are approximate/independently assessed, not sourced verbatim from TheCompanyCheck.

Frequently Asked Questions

Sources

Tofler (www.tofler.in/quiqup-innovations-private-limited/company/U63090TG2021PTC148618) — identity, directors, capital, financial ratios, charges, related companies; TheCompanyCheck (www.thecompanycheck.com/company/quiqup-innovations-private-limited/U63090TG2021PTC148618) — identity, directors, FY2024 revenue, brand/PIQYU association, competitors, related companies; Indian Kanoon (indiankanoon.org search) — legal case; piqyu.com — attempted official-site check (placeholder page only); Falconebiz — attempted, returned no extractable company-specific data (landing/search page only); Entrackr — searched, zero results for "Quiqup"; findgst.in and mastersindia.co — attempted for GSTIN, returned errors/no usable data.