About HappyCredit
HappyCredit is a Retail company based in Bengaluru (India) founded in 2019 by Jitendra Kumar and Ashish Virmani. Cashback and rewards are offered via an app-based platform. HappyCredit has raised $708.37 thousand across 2 funding rounds from investors including Kunal Shah, Krishna Kumar and Alex Lin. HappyCredit was last valued at $763.39 thousand in August 2020. Its chief executive, as recorded, is Jitendra Kumar. Its Indian entity Cybergenes Innovations Private Limited reported revenue of ₹82.5 Lakh. HappyCredit offers products and services including Product Review Blogs, Best AC Brands List, Best Smartwatch Brands List, Credit Card Advice Blogs, and Grocery Product Lists. Its focus areas include Coupons and Deals, Rewards & Cashback and Multi-Channel. Its competitors include Union Rewardz, Sconto and WINDS App; 1 of its 3 listed competitors has raised funding.
Company details
HappyCredit was founded in 2019 in Bengaluru, India, as a fintech platform focused on rewards. Cashback and incentives are provided on transactions using linked credit or debit cards and UPI payments. Shopping is enabled across categories such as fashion, beauty, and home essentials through a mobile application available for Android users. Operations are centered on digital financial services in the Indian market.
- Headquarters Bengaluru, India
- Founders Jitendra Kumar, Ashish Virmani
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website happycredit.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Cybergenes Innovations Private Limited
- Date of Incorporation 26 Sep, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹82.5 Lakh
FY 2024 · -22% YoY
- Net Loss-₹1.11 Cr
FY 2024 · -135% margin
- EBITDA-₹1.11 Cr
FY 2024 · -135% margin
- Total Equity Funding$708.37K (USD)
in 2 rounds
- Latest Funding Round$678.27K (USD), Seed
Sep 2021
- InvestorsGoodwater Capital
& 10 more
Associated legal entities of HappyCredit
HappyCredit operates through Cybergenes Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cybergenes Innovations Private Limited CIN U72900KA2019PTC128292 | Active | 26 Sep 2019 | Bangalore, Karnataka | ₹0.8 Cr | 52 | 3 | View details |
Products & Services of HappyCredit
HappyCredit offers a comprehensive portfolio of products and services, including Product Review Blogs, Best AC Brands List, Best Smartwatch Brands List, Credit Card Advice Blogs, and Grocery Product Lists.
Platform for curated lists of best products in various categories
Guide to top air conditioner brands for Indian consumers
Recommendations for smartwatches compatible with Android and iOS
Articles on credit card issues and myths for financial awareness
Lists of best teas and dark chocolates for online shoppers
Apps and channels of HappyCredit
its YouTube channel HappyCredit App has 97 subscribers and 3 videos.
Videos from HappyCredit
The most watched videos on HappyCredit's YouTube channel, HappyCredit App (97 subscribers). Click a video to play it here.
More on HappyCredit App.
Funding Insights of HappyCredit
HappyCredit has successfully raised a total of $708.37K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $678.27 thousand completed in September 2021. 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 $708,367
- Total Rounds 2
- Last Round Seed — $678,272
- First Round $30,095
(Aug 2020)
- Investors Count 11
All 2 funding rounds of HappyCredit 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 |
|---|---|---|---|---|---|
| Sep 2021 | $678,272 | Seed | – | – | |
| Aug 2020 | $30,095 | Angel Round | $763,386 | Kunal Shah |
Last known valuation $763,386 (Aug 2020). 11 investors in total: 2 institutional and 9 angel.
Investors in HappyCredit
HappyCredit has secured backing from 11 investors, including angel and venture fund investors. Prominent investors backing the company include Kunal Shah, Krishna Kumar and Alex Lin.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in consumer tech sectors are managed by Goodwater Capital. | goodwatercap.com | Burlingame, United States | ||
Venture capital firm focused on multiple sectors | magic.fund | San Francisco, United States | ||
KS Kunal Shah | Founder of CRED, serial entrepreneur, and prominent Indian angel investor | unknown_f441dab926994e5bb | ||
KK Krishna Kumar | Founder of Simpl, prominent angel investor in Indian startups | unknown_fd1c7db218e748289 | ||
AL Alex Lin | Angel investor focusing on Indian startups, tech enthusiast | unknown_ecbac452b323412f8 | ||
JC Jeremy Cai | Founder of Italic, angel investor in Indian startups, ex-Fenwick | unknown_ebb286a25113425fb | ||
CY Chris Ye | Angel investor and entrepreneur, co-founder of UCO Network, focused on blockchain | unknown_7efab4dd703648b88 | ||
CF Charlie Feng | Co-founder of ClearTax, active angel investor in Indian startups | unknown_1fbc724c65af45e48 | ||
AL Andrew Ladouceur | unknown_7dbc816cb6414940a | |||
SS Saad Siddiqui | Angel investor and entrepreneur, focused on tech startups in India. | unknown_99f6717f6dea4c1c9 |
Investor details for HappyCredit
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 Cybergenes Innovations Private Limited (HappyCredit)
Cybergenes Innovations Private Limited is the primary company behind HappyCredit. The board of Cybergenes Innovations Private Limited currently have 3 directors; the longest-serving is Jitendra Kumar, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jitendra Kumar DIN 02222531 | Director | 26 Sep 2019 | 7 yrs 1 mo | Cybergenes Innovations Private Limited |
| Shalini Kumar DIN 08573164 | Director | 26 Sep 2019 | 7 yrs 1 mo | Cybergenes Innovations Private Limited |
| Ashish Virmani DIN 08307154 | Director | 03 Aug 2020 | 6 yrs 3 mo | Cybergenes Innovations Private Limited |
People of HappyCredit
2 people are tracked at HappyCredit (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for HappyCredit
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 HappyCredit
Figures of Cybergenes Innovations Private Limited, the primary company behind HappyCredit, for FY 2024. Revenue was ₹82.5 Lakh (-22% year on year). Net loss was -₹1.11 Cr (-135% margin). EBITDA was -₹1.11 Cr (-135% margin). Revenue has grown at a compounded annual rate of +730% over three years.
- ₹82.5 LakhRevenue · FY 2024 · -22% YoY
- -₹1.11 CrNet loss · -135% margin
- -₹1.11 CrEBITDA · -135% margin
- ₹1.1 LakhPaid-up capital
- 52Employees (provident fund records)
- +730%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Cybergenes Innovations Private Limited are on its company page.
Detailed financial statements for HappyCredit
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 HappyCredit
3 dated milestones of HappyCredit across 2 years, from founding to its latest funding, stage changes and deals.
- Founded HappyCredit is founded.
- Funding First funding round of $30K.
- Funding Latest funding round, Seed, of $678K.
Competitors of HappyCredit
HappyCredit has 3 listed competitors in our database, 1 of them funded. They include Union Rewardz, Sconto and WINDS App.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| unionrewardz.com | 2012 | Andheri, India | Operates an online platform offering reward points for various products and services. | |||
| sconto.ai | 2022 | Kolkata, India | $257,776 | Online platform offering discounts and rewards for students | ||
| windsapp.com | 2018 | Bengaluru, India | 8 | Online platform offering cashbacks and rewards for a wide range of products and services. |
Detailed competitors of HappyCredit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of HappyCredit
The website of HappyCredit (happycredit.in) receives about 7.1K visits a month.
- Monthly visits7.1K
▼ 53.2% vs previous month
Websites whose visitors overlap most with HappyCredit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| audioshop.in | 100% | #1,970,231 | View details | ||
| tipsandbeauty.com | 97% | #2,890,407 | View details |
Top companies in Deals, Rewards & Comparison Platforms
2 companies that operate in the same segment as HappyCredit (Deals, Rewards & Comparison Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Cashback and coupon offers are provided for e-commerce shopping. | Gurugram, Haryana, India | USD 32.61 M |
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 Happycredit
Complete news archive for HappyCredit
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 HappyCredit
HappyCredit was founded in 2019 and raised its 1st funding round 1 year after it was founded.
HappyCredit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Jitendra Kumar is the CEO of HappyCredit, as recorded in our data. They have also founded this company.
HappyCredit is a funded company, having raised a total of $708.37K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $30.1K, raised on Aug 2020.
The primary company behind HappyCredit, Cybergenes Innovations Private Limited, reported revenue of ₹82.5 Lakh for FY 2024, down 22% year on year.
HappyCredit was founded in 2019 in Bengaluru, India, as a fintech platform focused on rewards. Cashback and incentives are provided on transactions using linked credit or debit cards and UPI payments. Shopping is enabled across categories such as fashion, beauty, and home essentials through a mobile application available for Android users. Operations are centered on digital financial services in the Indian market.
HappyCredit's top competitors include Sconto, Union Rewardz and WINDS App.
HappyCredit offers Product Review Blogs, Best AC Brands List, Best Smartwatch Brands List, Credit Card Advice Blogs, and Grocery Product Lists.
HappyCredit has 11 investors. Key investors include Kunal Shah, Krishna Kumar, Alex Lin, Jeremy Cai, and Chris Ye.
The valuation of HappyCredit is $763.39K as of Aug 2020.
HappyCredit operates through Cybergenes Innovations Private Limited.
The legal entities of HappyCredit currently have 3 directors, including Ashish Virmani, Jitendra Kumar, Shalini Kumar.