Sequoia and Jerry Yang-backed Happay tops ups Series B round

Funding Rounds

▤ Summary

Bangalore-based Happay, an expense management platform for enterprises, has raised an additional Rs 1.60 crore ($250,000) in a fresh round of funding, a person privy to the development told TechCircle. The startup raised $10 million (Rs 65.13 crore) in the round led by existing investor Sequoia Capital, VCCircle had reported. E-mail queries sent to Varun Rathi and Anshul Rai, co-founders of the venture, seeking more information about the funding, did not immediately elicit a response at the time of filing this report. Happay, operated by VA Tech Ventures, was founded in 2012 by IIT Kharagpur alumni Rai and Rathi. The company, which initially started off as a consumer-facing peer-to-peer mobile wallet, later pivoted to an expense management platform for enterprises.

$ Funding

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Amount $248.5K Total raised
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Date February 16, 2018 Announcement date
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Investors - Lead investors
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Company http://www.happay.in Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

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▦ Linked Companies

Happay
$10M to $25M