# Waysia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/waysia

- Industry: Consumer Services
- Headquarters: Paris, France
- Website: www.alorsfaim.com
- Total disclosed funding: $15M
- Latest round: Series A (Aug 18, 2022)
- Investors on record: 7

## About

Waysia is an Asian e-supermarket that specializes in offering a diverse selection of grocery products, satisfying the increasing demand for authentic Asian food items across Europe.Founded in 2018 in Paris, France, Waysia operates as an Asian e-supermarket that provides a variety of grocery products. In August 2022, the company raised EUR 10.22 million in Series A funding, led by Banyan Pacific Capital, and has raised a total of EUR 10.22 million to date. The founders, FAN Yejun and Yingfeng Li, have a history of entrepreneurial ventures, with FAN Yejun serving as the current CEO. Waysia has completed 2 deals, with the most recent deal occurring on August 18, 2022, and currently holds a valuation of EUR 41.545 million.Waysia operates as an Asian e-supermarket, providing a wide array of grocery products that cater to the growing demand for Asian food items. The company's core offerings include a diverse selection of snacks, beverages, noodles, and fresh produce, with notable products like Copico Potato Chips, Genki Forest beverages, and various types of instant noodles. These products are designed to meet the culinary preferences and dietary needs of consumers looking for authentic Asian flavors. Waysia serves a broad customer base that includes both individual consumers and local retailers, allowing them to access traditional and contemporary Asian food products readily. The company primarily markets its goods in European regions, such as France, making Asian cuisine accessible to a wider audience looking for quality ingredients and snacks.Waysia generated revenue of EUR 10,334,166.30 in the most recent year, 2022. The company's revenue model is structured around direct-to-consumer sales via its online platform, facilitating a seamless shopping experience for customers. Transactions typically occur on a per-item basis, with items like Copico Potato Chips retailing at approximately EUR 1.99. Despite the revenue, Waysia reported an EBITDA of EUR -4,643,571.20 for the same year.Waysia plans to utilize the EUR 10.22 million raised in Series A funding to enhance its presence in key European cities, particularly targeting Germany and the UK. The company aims to expand its technological capabilities and strengthen its supply chain to solidify its position in the Asian e-grocery market in Europe. Waysia is also focusing on developing new products, although specific release dates have not been disclosed.

## Funding rounds

- Series A, Aug 18, 2022, $10M — Cathay Capital, Carrefour Group, Goodwater Capital, iFly.vc, Daphni, Convivialite Ventures, Banyan Pacific Capital
- Seed, Aug 12, 2021, $4.7M — Cathay Capital, Goodwater Capital, iFly.vc

## Investors

- Cathay Capital — Seed, Series A
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed, Series A
- iFly.vc (https://capitalatlas.ai/funds/ifly-vc) — Seed, Series A
- Carrefour Group — Series A
- Daphni (https://capitalatlas.ai/funds/daphni) — Series A
- Convivialite Ventures (https://capitalatlas.ai/funds/convivialite-ventures) — Series A
- Banyan Pacific Capital — Series A