About Happiest Minds
Happiest Minds is a company based in Bengaluru (India) founded in 2011 by Joseph Anantharaju.. Happiest Minds has raised $64.83 million across 6 funding rounds from investors including Intel, Canaan and Sunil Kumar. The company has 5,260 employees as of March 31, 2024. Happiest Minds has completed 9 acquisitions, including Aureus Tech Systems, Cupola Technology and InnovazIT. Happiest Minds offers products and services including Managed Cloud Services, Security Services, and Analytics Services. Happiest Minds operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, NTT DATA and Mavenir, among others.
- Headquarter Bengaluru, India
- Employees 5260 as on 31 Mar, 2024
- Founders Joseph Anantharaju
- Stage Public
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Sectors
Business ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Happiest Minds Technologies Ltd.
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Annual Revenue
$240.77 M (USD)26.85as on Mar 31, 2024
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Net Profit
$21.61 M (USD)-25.66as on Mar 31, 2024
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EBITDA
$42.17 M (USD)5.99as on Mar 31, 2024
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Total Equity Funding
$64.83 M (USD)
in 6 rounds
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Latest Funding Round
$60.91 M (USD), Post-IPO
Jul 18, 2023
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Investors
Intel
& 38 more
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Employee Count
5260
as on Mar 31, 2024
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Investments & Acquisitions
Aureus Tech Systems
& 8 more
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IPO & Listings of Happiest Minds
Happiest Minds is a publicly listed company on the NSE with ticker symbol HAPPSTMNDS in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Happiest Minds
Happiest Minds offers a comprehensive portfolio of products and services, including Managed Cloud Services, Security Services, and Analytics Services. 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.
Provides cloud infrastructure and optimization for enterprises
Delivers threat detection and data protection solutions
Offers big data engineering and AI-driven insights for businesses
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Software Development Team
144 people
Leadership Team
33 people
Sales and Marketing
20 people
Data Analysis and Operations Team
17 people
Product Management Team
12 people
Creative and Marketing Team
10 people
Senior Team
10 people
General Team
7 people
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Funding Insights of Happiest Minds
Happiest Minds has successfully raised a total of $64.83M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $60.91 million completed in July 2023. 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 6
- Last Round Post-IPO — $60.9M
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First Round
First Round
(31 Oct 2011)
- Investors Count 39
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Post-IPO - Happiest Minds | Valuation |
investors |
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| Apr, 2018 | Amount | Angel Round - Happiest Minds | Valuation | Sunil Kumar |
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| Apr, 2017 | Amount | Angel Round - Happiest Minds | Valuation | Lip-Bu Tan |
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| 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 Happiest Minds
Happiest Minds has secured backing from 39 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Intel, Canaan and Sunil Kumar. 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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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location | |
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Offers corporate, fiduciary, and fund services to clients worldwide efficiently.
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Founded Year | Domain | Location | |
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Semiconductor ICs and microprocessors are designed and manufactured.
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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 Happiest Minds
Happiest Minds has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Aureus Tech Systems, Cupola Technology and InnovazIT. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Data management and cloud computing services are provided globally.
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2018 | ||||
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Turnkey IT solutions are delivered to diverse industries worldwide.
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2013 | ||||
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Offshore product engineering in IoT and cloud technologies is provided.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Happiest Minds
| 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 |
Happiest Minds Comparisons
Competitors of Happiest Minds
Happiest Minds 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 UST, Genpact, 1&1 IONOS, NTT DATA and Mavenir, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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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 Happiest Minds
Frequently Asked Questions about Happiest Minds
When was Happiest Minds founded?
Happiest Minds was founded in 2011.
Where is Happiest Minds located?
Happiest Minds is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Happiest Minds?
Joseph Anantharaju is the current CEO of Happiest Minds. They have also founded this company.
Is Happiest Minds a funded company?
Happiest Minds is a funded company, having raised a total of $64.83M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $263.02K, raised on Oct 31, 2011.
How many employees does Happiest Minds have?
As of Mar 31, 2024, the latest employee count at Happiest Minds is 5,260.
What is the annual revenue of Happiest Minds?
Annual revenue of Happiest Minds is $240.77M as on Mar 31, 2024.
What does Happiest Minds do?
IT outsourcing firm focusing on six lines of businesses, namely IT services, RD services, product engineering services, remote infrastructure management, testing and consulting. Along with technology solutions and services, provides SaaS solutions such as ComplianceVigil, ThreatVigil, IdentityVigil and CyberVigil. These products provide cloud based compliance management, on-demand threat management and remediation, identity access governance, identity management and a cyber security platform solution. For the quarter-ended March 31, 2015 the company reached an annualized revenue rate of 50M with 60 of business coming from US and has also reported it broke-even during the quarter. Headquartered in Bangalore, it has fourteen offices spread over major business centres in the USA, UK, Singapore, Canada and Australia. Its investors include JPMorgan Private Equity Group, Canaan Capital and Intel Capital. Acquired IoT services company Cupola Technology for an undisclosed amount in May 2017 and US-based digital transformation firm OSSCube in June 2017.
Who are the top competitors of Happiest Minds?
Happiest Minds's top competitors include Mavenir, GirnarSOFT and 1&1 IONOS.
What products or services does Happiest Minds offer?
Happiest Minds offers Managed Cloud Services, Security Services, and Analytics Services.
Is Happiest Minds publicly traded?
Yes, Happiest Minds is publicly traded on NSE under the ticker symbol HAPPSTMNDS.
How many acquisitions has Happiest Minds made?
Happiest Minds has made 9 acquisitions, including Aureus Tech Systems, Cupola Technology, and InnovazIT.
Who are Happiest Minds's investors?
Happiest Minds has 39 investors. Key investors include Intel, Canaan, Sunil Kumar, Lip-Bu Tan, and Trident Trust.
What is Happiest Minds's ticker symbol?
The ticker symbol of Happiest Minds is HAPPSTMNDS on NSE.
What is Happiest Minds's valuation?
The valuation of Happiest Minds is $15.44B as of Apr 2018.
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