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Bengaluru-based relocation platform HappyLocate has raised $1.1 million in a Pre-Series A round of funding led by Inflection Point Ventures in participation with VM Ventures, and RMZ Management.
The startup plans to use the raised funds for enhancing operations and for business expansion.
Speaking on the investment in HappyLocate, Vinay Bansal, Founder & CEO of Inflection Point Ventures said, “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,” Bansal added.
Further talking about the funding round, Ajay Tiwari, Co-Founder & CEO of HappyLocate said, “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.”