Happay - About the company
Happay is an acquired company based in Bengaluru (India), founded in 2012 by Anshul Rai and Varun Rathi. It operates as a Provider of travel, expense, and payment management software for enterprises. Happay has raised $21.6M in funding from investors like Prime Venture Partners, Peak XV Partners and Times Internet, with last known valuation of $*****. The company has 47 active competitors, including 8 funded and 5 that have exited. Its top competitors include companies like Zaggle, Concur and Fyle.
Company Details
Provider of travel, expense, and payment management software for enterprises. The platform offers expense management, travel management, prepaid cards, and analytics. Expense management includes auto-capture, audit, approvals, reimbursements, filing, and GST management. Travel management features a self-booking tool. Prepaid cards provide branch petty cash management, employee benefits, and fleet management.
- Website
- happay.com
- Social
- Email ID
- *****@happay.com
- Phone Number
- +91 **********
- Registered Address
- 3rd Floor, Delta Block, Sigma Soft-Tech Park, No 7 Whitefield MainRoad, Ramagodanahalli,Var, thur Hobli, Bangalore, Bangalore, Karnataka, India, 560066
Key Metrics
Founded Year
2012
Location
Bengaluru, India
Stage
Acquired
Total Funding
$21.6M in 7 rounds
Latest Funding Round
Last Known Valuation
$***** as on Dec 01, 2021
Investors
Ranked
6th among 47 active competitors
Annual Revenue
₹41.2Cr as on Mar 31, 2025
Employee Count
240 as on Apr 30, 2026
Exit Details
Acquired by MakeMyTrip (Nov 18, 2024)
Legal entities associated with Happay
Happay is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VA TECH VENTURES PRIVATE LIMITED CIN: U72200KA2012PTC086479 , India, Active | Jul 04, 2012 | $4.87M (As on Mar 31, 2025) | 49 (As on Aug 01, 2025) | |
DREAMPLUG TECHNOLOGIES PRIVATE LIMITED CIN: U93090MH2018PTC308253 , India, Active | Apr 19, 2018 | $299M (As on Mar 31, 2024) | 1005 (As on Mar 01, 2026) | |
HAPPAY FINANCE VENTURES PRIVATE LIMITED CIN: U72900KA2019PTC126244 , India, Active | Jul 16, 2019 | $42K (As on Mar 31, 2025) | - |
Happay's acquisition details
Happay got acquired by MakeMyTrip on Nov 18, 2024.
Click here to take a look at Happay's acquisition in detail
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Happay's funding and investors
Happay has raised a total funding of $21.6M over 7 rounds. Its first funding round was on Apr 30, 2013. Its latest funding round was a Series B round on Apr 21, 2020 for $*****. 1 investor participated in its latest round. Happay has 9 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Happay:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 21, 2020 | 7460611 | Series B | 8003749 | 1011579 | 5465816 | 1984908 |
May 29, 2019 | 4069755 | Series B | 3631115 | 8880294 | 2966324 | |
Dec 18, 2017 | 3615736 | Series B | 3523585 | 6764636 |
Access funding benchmarks and valuations. Sign up today!View details of Happay's funding rounds and investors
Happay's founders and board of directors
Founder? Claim ProfileThe founders of Happay are Anshul Rai and Varun Rathi.
Here are the details of Happay's key team members:
- Anshul Rai: Former Co-Founder of Happay and founder of 2 other companies, Happay and Happay. They are also an angel investor in 5 startups.Contact Info: 1 phone number
- Varun Rathi: Former Co-Founder of Happay and founder of 1 other company.
Happay's Board of Directors
Happay's board has 1 active member. Kunal Naresh Shah is independent board member.Here is the list of Happay's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 3y 10m |
View details of Happay's Founder profiles and Board Members
Happay's employee count trend
Happay has 240 employees as of Apr 26. Here is Happay's employee count trend over the years:
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Happay's Competitors and alternates
Top competitors of Happay include Zaggle, Concur and Fyle. Here is the list of Top 10 competitors of Happay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows | $13.7M | 83/100 | ||
2nd | Concur 1988, Bellevue (United States), Acquired | Provider of travel, expense, and invoice management solutions for businesses | - | 75/100 | |
3rd |  Fyle 2016, Newark (United States), Acquired | Provider of expense management software automating receipt tracking and reconciliation | $15.4M | 74/100 | |
4th | Jeeves 2019, New York City (United States), Series C | Digital company offering payment and corporate financial cards | $380M | 72/100 | |
5th | Provider of international payment and corporate expense management solutions | $30.2M | 65/100 | ||
6th | Provider of travel, expense, and payment management software for enterprises | $21.6M | 60/100 | ||
7th | ITILITE 2017, Claymont (United States), Series C | Provider of travel, expense, and corporate card management software solutions | $47.2M | 63/100 | |
8th | Provider of a platform for business spend management and payment solutions | $23.5M | 51/100 | ||
9th | Provider of a corporate payment platform that automates expense management | - | - | 48/100 | |
10th | Provider of expense and attendance management platform for enterprises | - | 44/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Happay's competitors? Click here to see the top ones
Happay's Investments and acquisitions
Happay has made no investments or acquisitions yet.
News related to Happay
Filter this listMedia has covered Happay for 1 event in last 1 year.
•
Niyo-backer Prime Venture Partners secures $100M for its latest fundYourStory•Mar 05, 2025•Prime Venture Partners, Niyo, KredX, Quizizz and 10 others
•
Traveltech startups taking to acquisitions to drive growthFinancial Express•Dec 16, 2024•OYO, Ixigo, EaseMyTrip, G6Hospitality and 5 others
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MakeMyTrip Acquires Happay to Enhance Corporate Travel ManagementCyberMedia India Online•Nov 19, 2024•MakeMyTrip, Happay
•
•
MakeMyTrip to acquire Happay Expense Management Platform from CREDSeeking Alpha•Nov 18, 2024•MakeMyTrip, Happay, CRED
•
Happay Partners with Grant Thornton Bharat to Redefine Expense Management Across Indian EnterprisesBusiness Wire India•Apr 30, 2024•Happay, Grant Thornton Bharat
•
Jiny Thattil to replace Anil Goel as Byju’s chief technology officerNew Indian Express•Nov 28, 2023•BYJU'S, Happay
•
Parijat Industries Collaborates with Happay to Streamline Expense Management for Its Fleet ForceBusiness Wire India•Jun 13, 2023•Parijat Industries, Happay
•
CRED-owned Happay fires over 150 employees in restructuring exerciseBusiness Today•May 15, 2023•Happay
•
Happay Wins CIO Choice Gold Seal of Trust 2023 for Travel and Expense ManagementBusiness Wire India•Jan 19, 2023•Happay
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