Bengaluru-Based Relocation Platform HappyLocate has raised $1.1Mn in a Pre-Series A round led by Inflection Point Ventures. VM Ventures, RMZ Management also participated in the round. The funds raised will be utilized towards enhancing operational excellence and corporate reach.
Since HappyLocate’s launch in 2016, the company has emerged as the most sought-after solution for more than 50 enterprise clients, including Fortune 500 companies: With an over 30% Quarterly growth, HappyLocate is managing over 1000+ relocations every month.
Vinay Bansal, Founder & CEO, Inflection Point Ventures says, “As we see business growth bouncing back after 2 years of lull, the war for talent is making companies jump through the proverbial hoops. Many companies are hiring people from other cities and helping them relocate. HappyLocate, with a track record in this market has emerged as one of the preferred partners for enterprises to use their relocation services. Since our last round in the company, we have seen the growth to be manifold and believe that the canvas is much bigger because with digitally enabled services, unorganized markets present a huge business opportunity for the company.”
HappyLocate Founders Ajay Tiwari and Sainadh Duvvuru bring domain expertise along with diverse skill sets to the table. They have been able to launch new service verticals and drive exponential growth despite the pandemic. They are transforming relocation experiences at some of the marquee brands including Coca-Cola, ITC Infotech, Diageo, United Breweries, Airbus, etc. They provide tailored solutions for relocation needs based on the customer’s expectations and feedback using AI and ML powered tools.
HappyLocate ensures seamless relocations with 98% less delays, no false claims, transparent pricing, and insurance solutions integrated in an easy-to-use platform. Customers have better experience through the range of value-added services such as flights booking, housing assistance and other settling services. To standardize the user experience, HappyLocate has launched its own line of packing materials along with providing training and support to its registered packer and mover partners.
Ajay Tiwari, Co-Founder and CEO, HappyLocate says, “HappyLocate is on a mission to transform global mobility with technology and empathy. We are a customer-obsessed team and focus on significantly improving the relocation experience of India through our value system: Reliability, Transparency, and Convenience.”
Technology is changing our lives and impacting organizations in all industries. The relocation industry is no exception. While the global serviceable addressable market is about $1 trillion, the Indian market is valued around $21 billion, growing post pandemic. HappyLocate is addressing a large market, which has opened post Covid with its tech enabled dashboard for employers, employees and service partners to help in simplifying & standardizing operation.