Why Rocket Internet Backed A Startup Called Happycar

Happycar, a European car rental comparison site with its sights set on worldwide expansion, raised $1.58 million in its latest funding round, TechCrunch reported late last week. One of the most notable backers includes Global Founders Capital, the venture arm of German eCommerce giant Rocket Internet.

Since it was founded in 2013, Happycar has raised a total of approximately $3.2 million.

The Hamburg, Germany-based startup operates dedicated rental car comparison sites in Germany, France, Spain, Italy, Poland and the Netherlands.

It confirmed partnerships with more than 250 international and local car rental companies, allowing users to search and compare for the best prices.

“Instead of having to scan various car rental providers’ websites to find the best price and offer, Happycar enables customers to compare various offers from car rental providers on one platform with a comprehensive and transparent overview,” Alexander Wessels, Managing Partner of Happycar, told TechCrunch.

“As a metasearch engine Happycar offers customers an extended transparency of offers showing insurance packages, kilometer fees and one-way fees, among many others. By providing an easy, user-friendly booking process and a free customer service hotline in case any questions arise, we ensure that our customers can enjoy a hassle free rental car trip,” Wessels added.

Another Rocket Internet investment, Germany-based food delivery startup HelloFresh, saw its valuation hit a new high last month with a fresh round of funding totaling $85 million. The new capital ultimately quadrupled the company’s valuation to $2.9 billion.

Before the food delivery company caught investors’ attention earlier this year, the company said it was delivering over a million meals every month and could provide for up to 420 million users worldwide.

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