HappyLocate, one of India’s largest and most successful relocation platforms, raised $1.1 million in the Pre-series A round led by Inflection Point Ventures. The round also saw the participation of VM Ventures and RMZ Management. Founded in 2016, the Bengaluru-based startup has managed to achieve exponential growth despite businesses being hampered by the pandemic.
According to IPV’s founder and CEO Vinay Bansal, “HappyLocate, with a track record in this market has emerged as one of the preferred partners for enterprises to use their relocation services. Since our last round in the company, we have seen the growth to be manifold and believe that the canvas is much bigger because, with digitally-enabled services, unorganized markets present a huge business opportunity for the company”.
Today, HappyLocate serves more than 50 enterprise clients, providing a wide range of relocation services on a centralized platform. The company achieved over 30% quarterly growth and serves a wide range of companies, including Fortune 500 ones. The funds raised have been earmarked for improving operational excellence and corporate outreach.
HappyLocate founders Ajay Tiwari and Sainadh Duvvuru launched new service verticals, providing customers with multiple relocation services using emerging AI and Machine Learning-powered tools. Boasting a high success rate and minimal business delays, the transparent and centralized platform provides customers with a wide range of services like packaging, housing assistance, and flight booking.
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