Closed initial US$2.7mil Series A2 from 4 investors in 2021
It said the initial Series A2 round of US$2.7 million ) closed in 2021 included Delivery Hero, Chope, Angel Central, and RB Investments. Varun Saraf, CEO and co-founder said collaborating closely with hawkers in Singapore for the past five years has allowed the startup to understand the challenges that small business owners face when it comes to digitalisation.
According to WhyQ, its eBiz app enables micro, small and medium-sized enterprises to create their own online storefronts, connect with popular marketplaces like Foodpanda, accept online payments, and connect with logistics services like Lalamove - all within 60 seconds. This makes it easy for MSMEs to set up a digital presence quickly and easily and start selling online, it said.
“WhyQ is well positioned to help SMEs with their digitalisation challenges, by providing the digital infrastructure and tools to close the digital divide for merchants in SEA,” Cheong said. “This problem has intensified since the pandemic, making it more important than ever for small businesses to adapt to the online world of commerce,” he added.
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