Bengaluru-based fintech startup HappyCredit, an instant cashback rewards application, has raised Rs 5 crore in a pre-seed round to accelerate its growth. The fresh funds will be used to launch new products, build talent and enhance the startup's growth.
The funding round saw participation from Kunal Shah (Founder and CEO, CRED), Krishna Kumar (Founder and CEO, Simplilearn), as well as US and Canada based investors like Goodwater Capital, Magic Fund, MyAsiaVC, Alex Lin (CEO, Outlier), Jeremy Cai (CEO, Italic), Chris Ye (CEO, Uken Games), Saad Siddiqui (CEO, Bonsai), Andrew Ladouceur (COO, Bonsai), Charlie Feng (Co-founder, Clearco), among others.
