About Happy Loans
Happy Loans is a Financial Services company based in Mumbai (India) founded in 2016 by Shweta Aprameya and Manish Khera. B2B solutions for finance, payments, and risk management are offered. Happy Loans has raised $6.84 million across 5 funding rounds from investors including MIT, Sparkle Fund and DCR Workforce. The company has 38 employees. Happy Loans was last valued at $19.16 million in April 2019. Its chief executive, as recorded, is Manish Khera. Its Indian entity Happy Loan Management Private Limited reported revenue of ₹8.52 Cr. Its focus areas include FinTech, Alternative Lending, Enablers and Lending-as-a-service.
Company details
Provider of B2B solutions including finance, payments, and risk management. It offers enterprise solutions such as Salesforce management, digital EMI collection, customer onboarding, and loan management systems. Banking solutions feature supplier finance, merchant cash advance, peer-to-peer lending, and working capital management. Payment solutions facilitate sound box security, UPI collection, reconciliation modules, and merchant onboarding. Risk management tools include credit underwriting, data analytics dashboards, customer risk management, and bureau APIs.
- Headquarters Mumbai, India
- Employees 38
- Founders Shweta Aprameya, Manish Khera
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website happyness.net
- Social X
- Legal Name Happy Loan Management Private Limited
- Date of Incorporation 05 Dec, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹8.52 Cr
FY 2022 · +74% YoY
- Net Loss-₹10.81 Cr
FY 2022 · -127% margin
- EBITDA-₹4.26 Cr
FY 2022 · -50% margin
- Total Equity Funding$6.84M (USD)
in 5 rounds
- Latest Funding Round$3.47M (USD), Seed
May 2022
- InvestorsMIT
& 8 more
- Employee Count38
Associated legal entities of Happy Loans
Happy Loans operates through Happy Loan Management Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Happy Loan Management Private Limited CIN U74110MH2016PTC288142 | Active | 05 Dec 2016 | Mumbai, Maharashtra | ₹8.5 Cr | 38 | 2 | View details |
Funding Insights of Happy Loans
Happy Loans has successfully raised a total of $6.84M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3.47 million completed in May 2022. 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 $6.84M
- Total Rounds 5
- Last Round Seed — $3.47M
- First Round $369,019
(Oct 2017)
- Investors Count 9
All 5 funding rounds of Happy Loans with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $3.47M | Seed | – | DEG, MIT | – |
| May 2020 | $998,151 | Debt – Conventional | – | – | |
| Apr 2019 | $17M | Debt – Conventional | – | – | |
| Apr 2019 | $3M | Seed | $19.16M | Digital Cloud Training | – |
| Oct 2017 | $369,019 | Seed | $867,012 | Vaya Finserv |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2019 | $19.16M | •••••••• |
Last known valuation $19.16M (Apr 2019). 9 investors in total: 8 institutional and 1 angel.
Investors in Happy Loans
Happy Loans has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include MIT, Sparkle Fund and DCR Workforce.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on growth equities | deginvest.de | Cologne, Germany | ||
Private equity firm focused on multiple sectors | Toronto, Canada | |||
Investment in technology solutions for finance sectors such as lending and insurance. | 2017 | dmisparklefund.in | New Delhi, India | |
MIT is recognized as a leading institution for education and research. | 1861 | mit.edu | United States | |
VMS | 1995 | dcrworkforce.com | Boca Raton, United States | |
Provides AWS training bootcamps and courses for cloud certification. | 2018 | digitalcloud.training | Birkirkara, Malta | |
Provider of financial inclusion services to low income groups in unbanked geographies | 2014 | vayaindia.com | Hyderabad, India | |
SA Shweta Aprameya | unknown_58b4fba27a8a4177a |
Investor details for Happy Loans
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Happy Loan Management Private Limited (Happy Loans)
Happy Loan Management Private Limited is the primary company behind Happy Loans. The board of Happy Loan Management Private Limited currently have 2 directors; the longest-serving is Manish Khera, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manish Khera DIN 01122979 | Director | 05 Dec 2016 | 9 yrs 11 mo | Happy Loan Management Private Limited |
| Kunal Avinash Kumthekar DIN 00487540 | Director | 29 Mar 2018 | 8 yrs 7 mo | Happy Loan Management Private Limited |
People of Happy Loans
21 people are tracked at Happy Loans (8 in leadership, 13 in team); the tracked headcount is 38.
| Name | Role | Group |
|---|---|---|
Shweta Aprameya | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Kanti Bejjavarapu | Head - Products, Strategy, Platforms | Leadership |
Dhiraj Kacker | Portfolio Management- Head | Leadership |
Bharti Singhal | Head of Product | Leadership |
Samir Sahu | Head Of Engineering | Leadership |
Urvashi Nayyar | Head - Operations | Leadership |
Heena Sohandani | Head - Customer Experience & Adoption | Leadership |
Ashish bhatt | Software Engineer | Team |
Disha M. | Strategic Partnerships | Team |
Satendra kumar | Associate Software Engineer | Team |
Ravneet Singh | Assistant Manager -Business Growth and Alliances | Team |
Shivam Singh | Customer happyness officer | Team |
SHRUTI GAIKWAD | CHO | Team |
Chintoo Yadav | Customer happiness officer | Team |
Rohit veer | Software Engineer | Team |
Suraj Kumar Yadav | Associate Software Engineer | Team |
Sahil Suman | Associate Software Engineer | Team |
Amit Tikku | Lead Customer Service and Support | Team |
Madhav Narayan | Data Scientist | Team |
1 more people are available in the full profile.
Complete people profiles for Happy Loans
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Happy Loans
Figures of Happy Loan Management Private Limited, the primary company behind Happy Loans, for FY 2022. Revenue was ₹8.52 Cr (+74% year on year). Net loss was -₹10.81 Cr (-127% margin). EBITDA was -₹4.26 Cr (-50% margin). Revenue has grown at a compounded annual rate of +37% over three years and +256% over five years.
- ₹8.52 CrRevenue · FY 2022 · +74% YoY
- -₹10.81 CrNet loss · -127% margin
- -₹4.26 CrEBITDA · -50% margin
- ₹3.4 LakhPaid-up capital
- 38Employees (provident fund records)
- +37%Revenue CAGR, 3 years
- +256%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Happy Loan Management Private Limited are on its company page.
Detailed financial statements for Happy Loans
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Happy Loans
4 dated milestones of Happy Loans across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Happy Loans is founded.
- Funding First funding round of $369K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $3.5M.
Web traffic of Happy Loans
The website of Happy Loans (happyness.net) receives about 3K visits a month.
- Monthly visits3K
▼ 12.3% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Happy Loans (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Happy Loans
Complete news archive for Happy Loans
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Happy Loans
Happy Loans was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Happy Loans is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Manish Khera is the CEO of Happy Loans, as recorded in our data. They have also founded this company.
Happy Loans is a funded company, having raised a total of $6.84M across 5 funding rounds to date. The company's 1st funding round was a Seed of $369.02K, raised on Oct 2017.
Happy Loans has 38 employees.
The primary company behind Happy Loans, Happy Loan Management Private Limited, reported revenue of ₹8.52 Cr for FY 2022, up 74% year on year.
Provider of B2B solutions including finance, payments, and risk management. It offers enterprise solutions such as Salesforce management, digital EMI collection, customer onboarding, and loan management systems. Banking solutions feature supplier finance, merchant cash advance, peer-to-peer lending, and working capital management. Payment solutions facilitate sound box security, UPI collection, reconciliation modules, and merchant onboarding. Risk management tools include credit underwriting, data analytics dashboards, customer risk management, and bureau APIs.
Happy Loans has 9 investors. Key investors include MIT, Sparkle Fund, DCR Workforce, Vaya Finserv, and DEG.
The valuation of Happy Loans is $19.16M as of Apr 2019.
Happy Loans operates through Happy Loan Management Private Limited.
The legal entities of Happy Loans currently have 2 directors, including Kunal Avinash Kumthekar, Manish Khera.