About Happay
Happay is a company based in Bengaluru (India) founded in 2012 was acquired by MakeMyTrip in November 2024.. Happay has raised $22.35 million across 7 funding rounds from investors including MakeMyTrip, CRED and Times Internet. The company has 2,533 employees as of September 21, 2025. Happay offers products and services including Expense Management, Travel Management, Prepaid Cards, Analytics, and Mobile App. Happay operates in a competitive market with competitors including Zaggle, Sodexo, Concur, Fyle and Karbon, among others.
- Headquarter Bengaluru, India
- Employees 2533 as on 21 Sep, 2025
- Stage Minicorn
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Sectors
TechnologyTravel & Hospitality Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Makemytrip (India) Private Limited
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$641.4 M (USD)35.16as on Mar 31, 2024
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Net Profit
$183.52 M (USD)1845.21as on Mar 31, 2024
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EBITDA
$74.39 M (USD)183.56as on Mar 31, 2024
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Total Equity Funding
$22.35 M (USD)
in 7 rounds
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Latest Funding Round
$788.16 K (USD), Series B
Apr 21, 2020
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Investors
MakeMyTrip
& 11 more
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Employee Count
2533
as on Sep 21, 2025
- Acquired by
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Products & Services of Happay
Happay offers a comprehensive portfolio of products and services, including Expense Management, Travel Management, Prepaid Cards, Analytics, and Mobile App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates expense capture, approvals, and reimbursements for enterprises.
Enables self-booking of flights, hotels, and cabs with policy compliance.
Offers secure cards for corporate spend control and cashless transactions.
Provides insights into travel and expense data for decision-making.
Allows on-the-go access to travel and expense management features.
Unlock access to complete
Funding Insights of Happay
Happay has successfully raised a total of $22.35M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $788.16 thousand completed in April 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $788,156
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First Round
First Round
(30 Apr 2013)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Series B - Happay | Valuation | Alteria Capital |
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| May, 2019 | Amount | Series B - Happay | Valuation | Greyhound Capital Management | |
| Dec, 2017 | Amount | Series B - Happay | Valuation | Peak XV Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Happay
Happay has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include MakeMyTrip, CRED and Times Internet. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Venture capital fund focused on making growth equity investments across tech startups
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Happay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Happay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Happay Comparisons
Competitors of Happay
Happay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zaggle, Sodexo, Concur, Fyle and Karbon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Cloud-based expense management is provided for business travelers.
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| domain | founded_year | HQ Location |
International payment and corporate expense solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Happay
Frequently Asked Questions about Happay
When was Happay founded?
Happay was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Happay located?
Happay is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Happay a funded company?
Happay is a funded company, having raised a total of $22.35M across 7 funding rounds to date. The company's 1st funding round was a Series B of $250K, raised on Apr 30, 2013.
How many employees does Happay have?
As of Sep 21, 2025, the latest employee count at Happay is 2,533.
What is the annual revenue of Happay?
Annual revenue of Happay is $641.4M as on Mar 31, 2024.
What does Happay do?
Happay was founded in 2012 in Bengaluru, India, within the fintech sector. Expense management software and corporate cards are provided for business operations. Features encompass tracking of fleet activities, invoice approvals, payment monitoring, account payables automation, cash flow oversight, and expenditure tracking. Prepaid and credit card options are available, alongside a platform for employee travel bookings.
What products or services does Happay offer?
Happay offers Expense Management, Travel Management, Prepaid Cards, Analytics, and Mobile App.
Who are Happay's investors?
Happay has 12 investors. Key investors include MakeMyTrip, CRED, Times Internet, Peak XV Partners, and Alteria Capital.
What is Happay's valuation?
The valuation of Happay is $141.25M as of May 2019.
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