WareIQ
WareIQ, a Y-Combinator-backed company based in Bengaluru, India, specializes in AI-driven inventory planning and comprehensive eCommerce fulfillment solutions for multi-channel consumer brands across various industries.
Company Overview
WareIQ is a B2B supply chain and logistics company headquartered in Bengaluru, Karnataka, India. It operates in the eCommerce fulfillment sector, providing a range of services to streamline and optimize logistics for multi-channel consumer brands. The company was part of the Y Combinator S20 batch and supports industries including beauty, personal care, cosmetics, fashion, lifestyle accessories, apparel, electronics, electrical accessories, home furnishing, kitchenware, furniture, health & wellness, pharmaceuticals, sports, fitness, bags, and travel accessories. WareIQ's team consists of 50 members and has a Pan-India network of over 20 fulfillment centers and dark stores.
Services
WareIQ offers a comprehensive suite of services designed to enhance the fulfillment and logistical processes of businesses. Key services include AI-enabled inventory planning, an all-in-one eCommerce fulfillment platform, Seller on Record services, and a Seller Management panel for multi-vendor marketplaces. They provide RUSH Same Day Delivery and Returns Management services to ensure seamless operations. Other notable services include Amazon FBA Preparation, Flipkart Preparation, end-to-end fulfillment, packaging and order customization, and Seller Fulfilled Prime compliance. Their services are tailored to reduce logistics costs by 30% and maintain a 99% on-time shipping rate.
Technological Integrations
WareIQ integrates with over 20 Direct-to-Consumer (D2C) platforms and marketplaces to streamline business operations. They feature a smart courier allocation engine to optimize shipping speed and cost, and RTO Risk Prediction to minimize returns and losses. Additionally, WareIQ offers assurance of Prime-like Shipping Badges for D2C websites, boosting online conversion rates. Their App Store includes productivity applications aimed at enhancing the supply chain, and they maintain a high standard with capabilities like same-day and next-day deliveries across major Indian cities including Bangalore, Chennai, Delhi, Mumbai, Kolkata, Ahmedabad, and Hyderabad.
Investor Backing
WareIQ is backed by renowned investors such as Y Combinator, Funders Club, Emles, Pioneer Fund, and Soma Capital. These investments have bolstered WareIQ's ability to expand its network and technological capabilities, making it a preferred fulfillment partner for over 400 top Indian eCommerce D2C and marketplace brands. The support from these investors allows WareIQ to continuously innovate and adapt to the evolving needs of the supply chain and logistics industry.
Fulfillment Network
WareIQ operates an extensive Pan-India fulfillment network consisting of over 20 fulfillment centers and dark stores. These centers are strategically located in major Indian cities such as Bangalore, Chennai, Delhi, Mumbai, Kolkata, Ahmedabad, and Hyderabad, enabling them to achieve same-day and next-day deliveries. Their fulfillment network allows for streamlined operations and the fastest delivery times, ensuring that businesses can meet the demands of their customers efficiently.