[Funding] Relocation platform HappyLocate raises Rs 4.4 crore in Pre Series A
New Delhi, Dec. 3 -- 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 ...
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