About iQ
iQ is a company based in Toronto (Canada) founded in 2011 was acquired by Happy Belly Food Group in September 2024.. iQ offers products and services including Spring Menu, Catering Services, and iQ 3.0. iQ operates in a competitive market with competitors including Sweetgreen, Copper Branch, Tractor, La Prep and Pokerrito, among others.
- Headquarter Toronto, Canada
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Iq Food Co.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Happy Belly Food Group
(Sep 19, 2024)
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Products & Services of iQ
iQ offers a comprehensive portfolio of products and services, including Spring Menu, Catering Services, and iQ 3.0. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Features colorful, fresh dishes with local ingredients for online ordering.
Provides customized food options for events and gatherings.
Offers enhanced food portions and dressings in seasonal offerings.
Funding Insights of iQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iQ
iQ has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Happy Belly Food Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Happy Belly Food Group | We Specialize in the Growth of Consumer Food Brands
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by iQ
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - iQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iq Comparisons
Competitors of iQ
iQ operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sweetgreen, Copper Branch, Tractor, La Prep and Pokerrito, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Salads and meal bowls are offered by restaurant chains.
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A chain of restaurants is operated, serving organic food options.
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Healthy food is provided by a chain of limited-service restaurants.
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| domain | founded_year | HQ Location |
Healthy food options are provided by La Prep's restaurant chain.
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| domain | founded_year | HQ Location |
Offers customizable Poke bowls and Pan-Asian cuisine at Canadian restaurants.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iq
Frequently Asked Questions about iQ
When was iQ founded?
iQ was founded in 2011.
Where is iQ located?
iQ is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does iQ do?
iQ was founded in 2011 in Toronto, Canada, and operates within the food service sector as a chain of limited-service restaurants. Healthy meal options are offered to customers through quick-service formats, focusing on nutritional choices. Operations are centered in urban areas, with emphasis on accessible dining experiences. The companys domain, iqfoodco.com, supports its online presence for information and potential ordering.
Who are the top competitors of iQ?
iQ's top competitors include Sweetgreen, Copper Branch and La Prep.
What products or services does iQ offer?
iQ offers Spring Menu, Catering Services, and iQ 3.0.
Who are iQ's investors?
iQ has 1 investor. Key investors include Happy Belly Food Group.