Startup Layoffs: Unhappy Staff At ‘Happay’ As Company To Cut Jobs

Business expense management solutions provider Happay, which was acquired by Kunal Shah’s CRED in 2021, has laid off over 150 employees in a restructuring exercise. The company eliminated roles across product, operations, and marketing teams, sources said. Happay was founded by entrepreneurs Anshul Rai and Varun Rathi in 2012. The startup provides business expense management solutions. It was acquired by CRED in 2021 for a whopping $180 million.