About WareIQ
WareIQ is a company based in Bengaluru (India) founded in 2019 by Aayush Mattoo and Harsh Mohan Vaidya. WareIQ has raised $1.8 million across 2 funding rounds from investors including Flexport, Y Combinator and FCVC. The company has 54 employees as of March 23, 2024. WareIQ operates in a competitive market with competitors including Shiprocket, Shippo, Sorted, ShipBob and Deliverr, among others.
- Headquarter Bengaluru, India
- Employees 54 as on 23 Mar, 2024
- Founders Aayush Mattoo, Harsh Mohan Vaidya
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Sectors
Transportation, Automotive & LogisticsRetail
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Email
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Phone
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Website
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Social
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- Legal Name Wareiq Logistics Private Limited
- Date of Incorporation 20 Sep, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.01 M (USD)71.65as on Mar 31, 2023
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Net Profit
-$1.05 M (USD)-70.41as on Mar 31, 2023
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EBITDA
-$1.03 M (USD)-70.53as on Mar 31, 2023
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Total Equity Funding
$1.8 M (USD)
in 2 rounds
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Latest Funding Round
$1.65 M (USD), Seed
Oct 29, 2020
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Investors
Flexport
& 5 more
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Employee Count
54
as on Mar 23, 2024
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People of WareIQ
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Funding Insights of WareIQ
WareIQ has successfully raised a total of $1.8M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.65 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in WareIQ
WareIQ has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Flexport, Y Combinator and FCVC.
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Early-stage startups are accelerated via funding and educational programs.
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Venture capital firm focused on seed and series investments
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Early-stage investments are provided by Soma Capital to startups.
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Investor details for WareIQ
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Investments & Acquisitions by WareIQ
Investment portfolio details for WareIQ
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Financial Statements - WareIQ
Detailed financials for WareIQ
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Wareiq Comparisons
Peer comparison for WareIQ
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Competitors of WareIQ
WareIQ 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 Shiprocket, Shippo, Sorted, ShipBob and Deliverr, among others.
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E-commerce tools for shipping, marketing, and financial services are provided.
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Web-based shipping solutions are provided for e-commerce businesses.
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E-commerce shipping operations are managed via SaaS platform.
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E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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Tech-enabled fulfillment services are provided to e-commerce businesses.
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SaaS-based omnichannel retail management software is provided for retailers.
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Detailed competitors of WareIQ
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Latest news on Wareiq
Complete news archive for WareIQ
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Frequently Asked Questions about WareIQ
WareIQ was founded in 2019 and raised its 1st funding round 1 year after it was founded.
WareIQ is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Harsh Mohan Vaidya is the current CEO of WareIQ. They have also founded this company.
WareIQ is a funded company, having raised a total of $1.8M across 2 funding rounds to date.
As of Mar 23, 2024, the latest employee count at WareIQ is 54.
Annual revenue of WareIQ is $4.01M as on Mar 31, 2023.
WareIQ was founded in 2019 in Bengaluru, India, within the e-commerce logistics sector. Web-based platforms are utilized to analyze order density, SKU velocity, seasonality, and location-based market trends for recommending inventory placement. Operations cover first-mile and inwards processes, storage, order fulfillment, last-mile delivery, return management, and cash-on-delivery handling. Integrations are supported with marketplaces including Amazon, Shopify, and eBay.
WareIQ's top competitors include Shiprocket, Shippo and ShipBob.
WareIQ has 6 investors. Key investors include Flexport, Y Combinator, FCVC, Soma Capital, and Pioneer Fund.