About WhyQ
WhyQ is a company based in Singapore (Singapore) founded in 2015 by Rishabh Singhvi and Varun Saraf.. WhyQ has raised $4.78 million across 2 funding rounds from investors including Chope, Delivery Hero and Kairos Capital Group. WhyQ operates in a competitive market with competitors including Deliveroo, LINE MAN Wongnai, Delivery Chinatown, Food Runner and FeastBump, among others.
- Headquarter Singapore, Singapore
- Founders Rishabh Singhvi, Varun Saraf
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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 Whyq Pte. Ltd
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Annual Revenue
$2.03 M (USD)20as on Mar 31, 2022
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Net Profit
$-1.64 M (USD)7as on Mar 31, 2022
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EBITDA
$-1.64 M (USD)7as on Mar 31, 2022
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Total Equity Funding
$4.78 M (USD)
in 2 rounds
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Latest Funding Round
$1.08 M (USD), Series A
Jan 26, 2023
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Investors
Chope
& 5 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $1.1M
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First Round
First Round
(01 Jun 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2023 | Amount | Series A - WhyQ | Valuation | Kairos Capital Group |
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| Jun, 2021 | Amount | Series A - WhyQ | Valuation | Delivery Hero , AngelCentral |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 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. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investments are made in multi-stage tech-focused startups.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WhyQ
| 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 - WhyQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Whyq Comparisons
Competitors of WhyQ
WhyQ 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 Deliveroo, LINE MAN Wongnai, Delivery Chinatown, Food Runner and FeastBump, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering food and grocery delivery services
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| domain | founded_year | HQ Location |
Online platform provides food ordering and delivery solution
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| domain | founded_year | HQ Location |
An online platform for convenient food delivery services.
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| domain | founded_year | HQ Location |
Online food ordering and delivery from restaurants are facilitated.
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| domain | founded_year | HQ Location |
Platform for island-wide food delivery from 1,500 restaurants in Singapore.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Whyq
Frequently Asked Questions about WhyQ
When was WhyQ founded?
WhyQ was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is WhyQ located?
WhyQ is headquartered in Singapore, Singapore.
Who is the current CEO of WhyQ?
Varun Saraf is the current CEO of WhyQ. They have also founded this company.
Is WhyQ a funded 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 01, 2021.
What is the annual revenue of WhyQ?
Annual revenue of WhyQ is $2.03M as on Mar 31, 2022.
What does WhyQ do?
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.
Who are the top competitors of WhyQ?
WhyQ's top competitors include Deliveroo, LINE MAN Wongnai and Food Runner.
Who are WhyQ's investors?
WhyQ has 6 investors. Key investors include Chope, Delivery Hero, Kairos Capital Group, AngelCentral, and EcoImpact Capital.
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