Rico-owned Henchman acquires Jinn’s app, will rebrand to ‘new on-demand concierge’ early next year

Dec 6, 2017 · techcrunch.com

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Jinn, the London on-demand delivery startup that shut down and was put into administration after being unable to pay creditors, has found a buyer for some of its assets.

TechCrunch understands that global logistics company Rico Logistics Ltd., under its London-based luxury delivery service Henchman, has acquired the Jinn app, brand and (presumably) customer base.

A regulatory filing is expected next week with further details, but for now the price is not being disclosed. I understand, however, that no one at Jinn has kept their job as part of the asset purchase.

In a message addressed to "Partners and Customers" that was displayed on the Jinn website last month but has now been removed, Henchman said it had acquired the brand of Jinnapp.com and was in the process of "relaunching the service to all Jinnapp.com clients and Partners". It also announced the intention to roll the Jinn brand into "our new on demand concierge brand for 2018".

It’s not clear if that is in reference to Henchman or a new brand altogether. However, I understand that the acquired Jinn app is being operated within Rico’s Henchman team, which is headed up by Henchman app Managing Director Amarjit Pall. I’ve contacted both Pall and Jinn’s legally appointed administrator for further details but both have so far declined to comment beyond what has already been made public.

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