About Happy Loans
Happy Loans is a company based in Mumbai (India) founded in 2016 by Shweta Aprameya and Manish Khera. 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 as of April 08, 2024.
- Headquarter Mumbai, India
- Employees 38 as on 08 Apr, 2024
- Founders Shweta Aprameya, Manish Khera
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Happy Loan Management Private Limited
- Date of Incorporation 05 Dec, 2016
- Jurisdiction Mumbai City, Maharashtra, India
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Annual Revenue
$1.03 M (USD)73.56as on Mar 31, 2022
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Net Profit
-$1.31 M (USD)39.57as on Mar 31, 2022
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EBITDA
-$694.94 K (USD)56.4as on Mar 31, 2022
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Total Equity Funding
$6.84 M (USD)
in 5 rounds
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Latest Funding Round
$3.47 M (USD), Seed
May 12, 2022
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Investors
MIT
& 8 more
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Employee Count
38
as on Apr 08, 2024
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People of Happy Loans
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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.
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 |
|---|---|---|---|---|
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Private equity firm focused on growth equities
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Private equity firm focused on multiple sectors
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Investment in technology solutions for finance sectors such as lending and insurance.
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Locked | Locked | Locked |
Investor details for Happy Loans
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Investments & Acquisitions by Happy Loans
Investment portfolio details for Happy Loans
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Financial Statements - Happy Loans
Detailed financials for Happy Loans
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Happy Loans Comparisons
Peer comparison for Happy Loans
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Competitors of Happy Loans
Detailed competitors of Happy Loans
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Latest news on Happy Loans
Complete news archive for Happy Loans
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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 current CEO of Happy Loans. 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.
As of Apr 08, 2024, the latest employee count at Happy Loans is 38.
Annual revenue of Happy Loans is $1.03M as on Mar 31, 2022.
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.