About HappyLocate
HappyLocate is a company based in Bengaluru (India) founded in 2016 by Sainadh Duvvuru and Ajay Tiwari.. HappyLocate has raised $1.77 million across 4 funding rounds from investors including RMZ Corp, IP Ventures and RMZ. The company has 12 employees as of April 08, 2024. HappyLocate offers products and services including House Shifting, Pet Relocation, and Corporate Relocation. HappyLocate operates in a competitive market with competitors including Pikkol, AirAttix, EZMove, Shiftkarado and MovingNow, among others.
- Headquarter Bengaluru, India
- Employees 12 as on 08 Apr, 2024
- Founders Sainadh Duvvuru, Ajay Tiwari
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Happylocate Relocation Services Private Limited
- Date of Incorporation 11 Apr, 2016
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$807.98 K (USD)-10.32as on Mar 31, 2023
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Net Profit
$-737.44 K (USD)-137.8as on Mar 31, 2023
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EBITDA
$-724.82 K (USD)-143.74as on Mar 31, 2023
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Total Equity Funding
$1.77 M (USD)
in 4 rounds
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Latest Funding Round
$1.1 M (USD), Seed
May 18, 2022
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Investors
RMZ Corp
& 85 more
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Employee Count
12
as on Apr 08, 2024
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Products & Services of HappyLocate
HappyLocate offers a comprehensive portfolio of products and services, including House Shifting, Pet Relocation, and Corporate Relocation. 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.
End-to-end household packing and moving across cities.
Safe door-to-door transport for pets domestically and internationally.
Automated tools for employee and asset shifting needs.
Unlock access to complete
Funding Insights of HappyLocate
HappyLocate has successfully raised a total of $1.77M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.1 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 Total Funding
- Total Rounds 4
- Last Round Seed — $1.1M
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First Round
First Round
(05 Aug 2019)
- Investors Count 86
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - HappyLocate | Valuation | Inflection Point Ventures | |
| Oct, 2020 | Amount | Seed - HappyLocate | Valuation | Inflection Point Ventures | |
| Sep, 2020 | Amount | Angel Round - HappyLocate | Valuation | Krishna Tejaswani Bobbadi |
| 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 HappyLocate
HappyLocate has secured backing from 86 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include RMZ Corp, IP Ventures and RMZ. 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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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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RMZ is engaged in sustainable real asset development across Asia.
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Founded Year | Domain | Location | |
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Startups across sectors are accelerated through dedicated 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 HappyLocate
| 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 - HappyLocate
| 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 |
Happylocate Comparisons
Competitors of HappyLocate
HappyLocate 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 Pikkol, AirAttix, EZMove, Shiftkarado and MovingNow, 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 |
Relocation services are booked through an online platform.
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| domain | founded_year | HQ Location |
Rental-based parking services are provided for users in India.
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| domain | founded_year | HQ Location |
Online marketplace to book relocation services
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| domain | founded_year | HQ Location |
Relocation services are booked and managed via an online platform.
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| domain | founded_year | HQ Location |
Online marketplace for relocation 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 Happylocate
Frequently Asked Questions about HappyLocate
When was HappyLocate founded?
HappyLocate was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is HappyLocate located?
HappyLocate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of HappyLocate?
Ajay Tiwari is the current CEO of HappyLocate. They have also founded this company.
Is HappyLocate a funded company?
HappyLocate is a funded company, having raised a total of $1.77M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $25.86K, raised on Aug 05, 2019.
How many employees does HappyLocate have?
As of Apr 08, 2024, the latest employee count at HappyLocate is 12.
What is the annual revenue of HappyLocate?
Annual revenue of HappyLocate is $807.98K as on Mar 31, 2023.
What does HappyLocate do?
HappyLocate was founded in 2016 in Bengaluru, India, within the relocation services sector. Services encompass packing and moving for households, pet transportation, and corporate employee relocation management. Logistics and coordination are managed across the entire process to support individuals and businesses. Housing search assistance is included in corporate packages. Operations are centered in India, addressing various relocation needs through structured support.
Who are the top competitors of HappyLocate?
HappyLocate's top competitors include Pikkol, AirAttix and Shiftkarado.
What products or services does HappyLocate offer?
HappyLocate offers House Shifting, Pet Relocation, and Corporate Relocation.
Who are HappyLocate's investors?
HappyLocate has 86 investors. Key investors include RMZ Corp, IP Ventures, RMZ, Akul Tomar, and Amin Sarfani.
What is HappyLocate's valuation?
The valuation of HappyLocate is $3.55M as of Oct 2020.