FundedIQ
Commerce and Shopping

WhyQ: Funding, Investors & Team (Sep 2026)

WhyQ is a full service digital ecosystem empowering MSMEs in South East Asia. Our powerful but simple app, enables MSMEs to digitalize their business affordably with - 1- Online store and Delivery integration 2- Bookkeeping and Payment Reminders 3- Fintech System 4- WhyQ Mart for raw material & packaging supplies 5- CRM tools and Q-Learning

www.whyq.sg LinkedIn Singapore, Singapore 51-100 employees
E-Commerce Food Delivery Software
Total raised
$1.1M
Rounds
2
Latest
Series A
Jan 2023

WhyQ has raised $1.1M across 2 funding rounds on record, the most recent a Series A of $1.1M announced in Jan 2023.

That round is below the $3.4M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.

WhyQ Company Profile and Key Stats

Total funding raised
$1.1M
across 2 rounds on record
Funding rounds on record
2
1 with no disclosed amount
Latest funding round
Series A
$1.1M in Jan 2023
Employees
51-100
reported band
Headquarters
Singapore, Singapore

Latest funding round on record: Jan 2023.

WhyQ Funding Rounds

Date
Round
Amount
Series A
$1.1M
Series A
Undisclosed

1 of 2 rounds was announced without a disclosed amount and is excluded from the total.

WhyQ announced a Series A in Nov 2021; the amount was not disclosed.

1.2 years later, a Series A of $1.1M was announced in Jan 2023.

WhyQ Founders and Leadership Team

Name
Role
Contact
Varun Saraf
CEO
Locked

Contact details for the WhyQ team: 1 of 1 has an email address on file.

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WhyQ Funding Compared to Other Commerce and Shopping Startups

Segment
Companies
Median round
985
$5.0M
8,352
$15M

WhyQ's latest round of $1.1M is below the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.

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WhyQ Funding FAQs

What does WhyQ do?

WhyQ is a full service digital ecosystem empowering MSMEs in South East Asia. Our powerful but simple app, enables MSMEs to digitalize their business affordably with - 1- Online store and Delivery integration 2- Bookkeeping and Payment Reminders 3- Fintech System 4- WhyQ Mart for raw material & packaging supplies 5- CRM tools and Q-Learning

How much funding has WhyQ raised?

WhyQ has raised $1.1M across 2 rounds on record. The most recent is a Series A of $1.1M announced in Jan 2023.

When did WhyQ last raise funding?

WhyQ's most recent funding round on record is a Series A of $1.1M, announced in Jan 2023.

Who is the CEO of WhyQ?

Varun Saraf is listed as CEO at WhyQ.

Where is WhyQ headquartered?

WhyQ is based in Singapore, Central Region, Singapore.

How many employees does WhyQ have?

WhyQ is in the 51-100 employee band.

How does WhyQ's funding compare to other Commerce and Shopping startups?

WhyQ's latest round of $1.1M is below the $3.4M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.

About FundedIQ's WhyQ Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for WhyQ is left off this page rather than filled in.

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