The Indian e-commerce market is growing substantially, with the total market size expected to reach $188 billion by 2025.: Bangalore-based startup HappyCredit - an instant cashback rewards application, has raised Rs 5 crore in a pre-seed round to accelerate its growth. The funding round saw participation from Kunal Shah (CEO, CRED), Krishna Kumar (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) amongst others.