WhyQ - About the company
WhyQ is a series A company based in Singapore (Singapore), founded in 2015 by Rishabh Singhvi, Varun Saraf and Mohammad Bin Alamgir Rao. It operates as an Aggregator platform of food courts and delivery through collection points. WhyQ has raised $4.8M in funding from investors like Delivery Hero, Chope and RB Investments. The company has 21 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Deliveroo, LINE MAN Wongnai and Food Runner.
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. WhyQ's delivery boys would collect the parcel from the food court and users can collect the parcel from a pre-designated delivery location. As of Oct'16, the company has around five delivery locations in Singapore and it doesn't deliver the parcel at the doorstep. The company doesn't have any minimum order and users can also avail cash on delivery facility. The company charges S$1.5 as delivery charge.
- Website
- www.whyq.sg/
- Registered Address
- 22B TEMPLE STREET SINGAPORE 058567
Key Metrics
Founded Year
2015
Location
Singapore, Singapore
Stage
Series A
Total Funding
$4.8M in 2 rounds
Latest Funding Round
Investors
Ranked
3rd among 21 active competitors
Annual Revenue
SGD 1M - 10M as on Mar 31, 2022
Employee Count
31 as on May 31, 2026
Legal entities associated with WhyQ
WhyQ is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
WhyQ Pte. Ltd CIN: 201930269N , Singapore, Active | SGD 1M - 10M (As on Mar 31, 2022) | - |
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WhyQ's funding and investors
WhyQ has raised a total funding of $4.8M over 2 rounds. Its first funding round was on 2021. Its latest funding round was a Series A round on Jan 26, 2023 for $*****. 1 investor participated in its latest round. WhyQ has 9 institutional investors and 25 angel investors.
Here is the list of recent funding rounds of WhyQ:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 26, 2023 | 3115914 | Series A | 2328143 | 7835785 | 7693292 | 6823041 |
2021 | 6951 | Series A | 3973 | 1563 | 9256 |
View details of WhyQ's funding rounds and investors
WhyQ's founders and board of directors
Founder? Claim ProfileThe founders of WhyQ are Rishabh Singhvi, Varun Saraf and Mohammad Bin Alamgir Rao. Varun Saraf is the CEO of WhyQ.
Here are the details of WhyQ's key team members:
- Rishabh Singhvi: Co-Founder & COO of WhyQ. They serve on the boards of 3 companies.
- Varun Saraf: Co-Founder & CEO of WhyQ. They serve on the board of 1 company.
- Mohammad Bin Alamgir Rao: Co-Founder of WhyQ.
WhyQ's Board of Directors
WhyQ's board has 2 active members. Rishabh Singhvi and Varun Saraf are part of team.Here is the list of WhyQ's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 8m | |
Team | - | Current | 6y 8m |
View details of WhyQ's Founder profiles and Board Members
WhyQ's employee count trend
WhyQ has 31 employees as of May 26. Here is WhyQ's employee count trend over the years:
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WhyQ's Competitors and alternates
Top competitors of WhyQ include Deliveroo, LINE MAN Wongnai and Food Runner. Here is the list of Top 10 competitors of WhyQ, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Deliveroo 2013, London (United Kingdom), Acquired | Operator of an online marketplace connecting consumers with local merchants | $2.95B | 86/100 | |
2nd | LINE MAN Wongnai 2020, Bangkok (Thailand), Series B | Online platform provides food ordering and delivery solution | $375M | 72/100 | |
3rd | Aggregator platform of food courts and delivery through collection points | $4.8M | 47/100 | ||
4th | Food Runner 2012, Singapore (Singapore), Acquired | Food ordering and delivery from restaurants | - | 37/100 | |
5th | Food ordering and delivery platform from restaurants | - | - | 34/100 | |
6th | Delivery Chinatown 2019, Singapore (Singapore), Unfunded | Online platform offering food delivery | - | - | 27/100 |
7th | Provider of last-mile delivery robotics for the food industry | - | - | 24/100 | |
8th | Provider of food delivery services from local restaurants | - | - | 24/100 | |
9th | The Hotbox 2012, Singapore (Singapore), Deadpooled | Online food ordering and delivery | - | - | 23/100 |
10th | Singapore Dine 2010, Singapore (Singapore), Acqui-Hired | Restaurants and Dining guide | - | - | 22/100 |
Looking for more details on WhyQ's competitors? Click here to see the top ones
WhyQ's Investments and acquisitions
WhyQ has made no investments or acquisitions yet.
Reports related to WhyQ
Here is the latest report on WhyQ's sector:
News related to WhyQ
•
WhyQ adds US$1.1M to Series A1 to enable hawkers to go, sell onlinee27•Jan 26, 2023•WhyQ, Kairos Capital Group, Delivery Hero, Chope and 2 others
•
Hawker food delivery firm gets served $1.1m in series A2 moneyTech in Asia•Jan 26, 2023•Kairos Capital Group, WhyQ
•
Chope serves $720k in funding to F&B digital payments firmTech in Asia•Jul 27, 2022•Chope, Getz, Getz, WhyQ
•
WhyQ teams up with FairPrice to offer zero-commission food-delivery serviceThe Business Times•May 29, 2020•WhyQ, Fairprice
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