[Funding] Relocation platform HappyLocate raises Rs 4.4 crore in Pre Series A

HappyLocate is a Relocation Platform. The startup has raised INR 4.4 Cr in Pre-series A led by Inflection Point Ventures and participation from VM Ventures. The company will use the funds towards scaling up their operations, technological upgradation, better market penetration and service expansion.

Relocation ecosystem of India has always been a tricky one. While the global serviceable addressable market is about USD 1 Trillion; the Indian market values at around USD 21 Billion. Despite being a large ecosystem, the average customer rating of the industry as a whole is at abysmal 2.5/5.0. The average damage-free relocation rate is of 63%. However, HappyLocate fares much higher than the industry average with a strong customer rating of 4.7/5.0; an average damage-free relocations rate at 96%.

About HappyLocate

Ajay Tiwari and Sainadh Duvvuru founded HappyLocate in 2016. Since then, it has served 10,000+ relocation requests to date. With its exhaustive network of 100+ verified Movers and 16000+ Hotels across the country, HappyLocate has become a one-stop-shop for all the relocation-related needs of Corporates and their Employees.

Further, the startup features as one of the Top 10 startups of 2020 at Wharton India Startup Challenge and Amrita TBI PitchFest. It has pioneered both personal and commercial shifting across 15K+ pin codes in India. It has also been the most sought-after moving solution for corporates.

HappyLocate also features industry-exclusive AI-based relocation management platform, that enables large organizations to automate and manage their employee relocations end-to-end. HappyLocate is already serving a lot of marquee brands like Coca Cola, United Breweries, Britannia, Titan, Quess Corp, ITC Infotech, Spar, Western Union.

Vinay Bansal, Founder & CEO, IPV says, “HappyLocate has carved out its USP by ensuring that the relocation is more of an experience as opposed to a dreadful task for its customers. Their customer focus makes them the only player with a full-stack solution available in a large market, covering not only packing and moving but also housing assistance and travel assistance. We are happy to partner with them in their growth journey.”

Ajay Tiwari says, “We have not just taken a V-Shape recovery but have grown 300% from last year. The new normal has given a natural boost to HappyLocate as companies are now looking for solutions that are intuitive, intelligent and that remove human dependency end to end.” While Sainadh, "We have built systems and processes to deliver memorable and seamless relocation experience to employees and enhance productivity and cost savings to corporates."