Inflection Point Ventures led a $1.1 million Pre-Series A financing for Bengaluru-based relocation platform HappyLocate. The round was also attended by VM Ventures and RMZ Management. The money raised will go toward improving operational efficiency and expanding the company’s reach.
HappyLocate has become the most sought-after solution for more than 50 enterprise clients, including Fortune 500 firms, since its start in 2016: HappyLocate manages over 1000+ relocations every month, with a quarterly growth rate of over 30%.
HappyLocate is India’s first and largest relocation portal, offering a variety of moving services. HappyLocate’s XSAAS allows businesses to automate and manage employee relocation with only a few clicks, enhancing employee experiences and saving money. HappyLocate is based in Bangalore and is led by the dynamic combo of Ajay Tiwari and Sainadh Duvvuru.