About WhyQ
WhyQ is a Consumer company based in Singapore (Singapore) founded in 2015 by Rishabh Singhvi and Varun Saraf. Food courts and hawker centres are aggregated for collection-based delivery. WhyQ has raised $4.78 million across 2 funding rounds from investors including Chope, Delivery Hero and Kairos Capital Group. Its chief executive, as recorded, is Varun Saraf. Its website whyq.sg draws about 11 thousand monthly visits. Its focus areas include Food and Agriculture Tech, Food Tech, Food Discovery and Ordering and Restaurant Aggregator. Its legal entity is WhyQ Pte. Ltd. Its competitors include Delivery Chinatown, Food Runner and FeastBump.
Company details
WhyQ is a web platform that aggregates hawker centres and food courts. Users can browse through the listed food courts based on delivery location, order food and make payment by credit card. WhyQs delivery boys would collect the parcel from the food court and users can collect the parcel from a pre-designated delivery location. As of Oct16, the company has around five delivery locations in Singapore and it doesnt deliver the parcel at the doorstep. The company doesnt have any minimum order and users can also avail cash on delivery facility. The company charges S1.5 as delivery charge.
- Annual Revenue$2.03 M (USD)20as on Mar 31, 2022
- Net Profit-$1.64 M (USD)7as on Mar 31, 2022
- EBITDA-$1.64 M (USD)7as on Mar 31, 2022
- Total Equity Funding$4.78M (USD)
in 2 rounds
- Latest Funding Round$1.08M (USD), Series A
Jan 2023
- InvestorsChope
& 5 more
Funding Insights of WhyQ
WhyQ has successfully raised a total of $4.78M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.08 million completed in January 2023. 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.
- Total Funding $4.78M
- Total Rounds 2
- Last Round Series A — $1.08M
- First Round $3.7M
(Jun 2021)
- Investors Count 6
All 2 funding rounds of WhyQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | $1.08M | Series A | – | Kairos Capital Group | – |
| Jun 2021 | $3.7M | Series A | – | Delivery Hero, AngelCentral | – |
6 investors in total: 6 institutional.
Investors in WhyQ
WhyQ has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Chope, Delivery Hero and Kairos Capital Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| angelcentral.co | ||||
| ecoimpactvc.com | ||||
Investments are made in multi-stage tech-focused startups. | rbworld.com | Singapore, Singapore | ||
Serves as a platform for alternative investment solutions. | 2016 | kairos-cp.com | Singapore, Singapore | |
Food ordering and delivery services are facilitated online. | 2010 | deliveryhero.com | Berlin, Germany | |
Online platform for discovering restaurants and booking tables | 2011 | chope.co | Singapore, Singapore |
Investor details for WhyQ
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People of WhyQ
7 people are tracked at WhyQ (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Rishabh Singhvi | Co-Founder | Leadership |
Varun Saraf | Co-Founder & CEO | Leadership |
Kin Hoe Ip | Head of Sales | Leadership |
Vikas Todi | CTO | Leadership |
Sanjay Choudhary | Senior UI UX Designer/ Frontend Developer | Team |
Charanya E. | Assistant Operations Manager | Team |
Surabhi B. | Operations Manager | Team |
Complete people profiles for WhyQ
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Timeline of WhyQ
3 dated milestones of WhyQ across 8 years, from founding to its latest funding, stage changes and deals.
- Founded WhyQ is founded.
- Funding First funding round of $3.7M.
- Funding Latest funding round, Series A, of $1.1M.
Competitors of WhyQ
WhyQ has 3 listed competitors in our database. They include Delivery Chinatown, Food Runner and FeastBump.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| deliverychinatown.com | 2019 | Singapore | An online platform for convenient food delivery services. | |||
| foodrunner.com.sg | 2012 | Singapore | Online food ordering and delivery from restaurants are facilitated. | |||
| feastbump.com | 2015 | Singapore | Platform for island-wide food delivery from 1,500 restaurants in Singapore. |
Detailed competitors of WhyQ
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Web traffic of WhyQ
The website of WhyQ (whyq.sg) receives about 11.2K visits a month.
- Monthly visits11.2K
▲ 64.2% vs previous month
Websites whose visitors overlap most with WhyQ. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| caterspot.sg | 100% | 30.3K | #909,772 | View details | |
| burpple.com | 90% | 85.1K | #480,365 | View details | |
deliveroo.com.sg | deliveroo.com.sg | 87% | #94,344 | – | |
foodpanda.sg | foodpanda.sg | 87% | #53,403 | – | |
| eatbook.sg | 87% | #61,909 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Whyq
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Frequently Asked Questions about WhyQ
WhyQ was founded in 2015 and raised its 1st funding round 6 years after it was founded.
WhyQ is headquartered in Singapore, Singapore.
Varun Saraf is the CEO of WhyQ, as recorded in our data. They have also founded this company.
WhyQ is a funded company, having raised a total of $4.78M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.7M, raised on Jun 2021.
Annual revenue of WhyQ is $2.03M as on Mar 31, 2022.
WhyQ is a web platform that aggregates hawker centres and food courts. Users can browse through the listed food courts based on delivery location, order food and make payment by credit card. WhyQs delivery boys would collect the parcel from the food court and users can collect the parcel from a pre-designated delivery location. As of Oct16, the company has around five delivery locations in Singapore and it doesnt deliver the parcel at the doorstep. The company doesnt have any minimum order and users can also avail cash on delivery facility. The company charges S1.5 as delivery charge.
WhyQ's top competitors include Food Runner, Delivery Chinatown and FeastBump.
WhyQ has 6 investors. Key investors include Chope, Delivery Hero, Kairos Capital Group, AngelCentral, and EcoImpact Capital.
WhyQ operates through Whyq Pte. Ltd.