HappyEasyGo Travels Private Limited
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HappyEasyGo Travels Private Limited - overview
Established
2017
Location
Gurgaon, -, India
Primary Industry
Internet
About
HappyEasyGo Travels Private Limited is an online travel booking platform that focuses on providing affordable flight and hotel reservations, streamlining the travel planning process for users with user-friendly technology. Founded in 2017 in Gurgaon, India, HappyEasyGo Travels Private Limited offers a straightforward online travel booking experience. The company raised INR 3500 mn in Series B funding on December 9, 2019, led by investors including Korea Investment Partners and Samsung Venture Investment. The founder's history and prior ventures are not disclosed, and the company has completed two significant deals to date.
HappyEasyGo is a travel booking platform offering competitive flight and hotel reservations. The service caters to various customers, including both business and leisure travelers, providing discounts on domestic and international flights, along with accommodation options from budget to luxury. Key features include free flight cancellations and rescheduling, enhancing user flexibility. The platform operates primarily in India and may extend to international destinations.
HappyEasyGo reported a revenue of INR 3,004,490. 50 in the most recent year, with an EBITDA of INR -629,418. 20 for the same period. Revenue generation is driven through direct transactions involving flight and hotel bookings, primarily B2C, supported by various payment options, including credit cards and digital payment systems.
The company guarantees the lowest airfare, aiming to attract a high volume of transactions and repeat business. Following its Series B funding of INR 3500 mn in December 2019, HappyEasyGo is positioned to expand its market presence. Future growth strategies include the launch of new product features aimed at enhancing user experience and service offerings. The company is actively planning to enter new geographic markets beyond India, although specific regions and timelines for expansion have not been detailed.
The recent funding will support these initiatives, facilitating technological advancements and market entry.
Current Investors
CITIC Capital Holdings, Samsung Venture Investment, Korea Investment Partners
Primary Industry
Internet
Sub Industries
Airlines & Air Travel, Travel & Tourism, Hotels & Accommodations, e-Financial, Search Engines, Social Networking & Communication Platform
Website
www.happyeasygo.com
Verticals
E-commerce, Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
HappyEasyGo Travels Private Limited - timeline of key events
HappyEasyGo Travels Private Limited - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 16,900,518 | 290,771,890 | 559,016,370 | 563,763,531 | - | - | - |
| % Revenue Growth (YoY) | - | 1620.5% | 92.3% | 0.8% | - | - | - |
| EBITDA (USD) | (87,705,496) | (605,182,841) | (651,646,054) | (48,384,804) | - | - | - |
| Operating Income (USD) | (87,963,018) | (606,874,078) | (654,952,621) | (51,839,548) | - | - | - |
| Operating Margin | (520.5%) | (208.7%) | (117.2%) | (9.2%) | - | - | - |
| % EBITDA Margin | (519.0%) | (208.1%) | (116.6%) | (8.6%) | - | - | - |
| NET Income (USD) | (87,963,018) | (607,400,923) | (653,464,400) | (49,708,431) | - | - | - |
| % Net Margin | (520.5%) | (208.9%) | (116.9%) | (8.8%) | - | - | - |
HappyEasyGo Travels Private Limited - employee data
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