Home furnishings, decor, and accessories marketplace, Vaaree, has successfully secured $4 million in seed funding, led by Surge, which is Peak XV Partners’ rapid scale-up program. The funding round also featured participation from PeerCapital, All In Capital, and Better Capital.
The primary focus of this new funding is to make substantial investments in enhancing the user experience on their online platform and expanding their team through strategic hires, as per a press release by Vaaree.
Launched in February 2022 by founders Garima Luthra, Pranav Arora, and Varun Vohra, Vaaree is committed to offering a curated selection of products from certified, rigorously vetted manufacturers, ensuring the highest levels of quality.
In a significant move, Vaaree opened its first retail store at the Forum South Bangalore Mall in October, showcasing over 2,000 distinct products, ranging from kitchenware for home cooks to cozy and comfortable bedding, covering a broad spectrum of both functional and lifestyle needs.
In a remarkably short span of time, since launching its online operations in May 2022, Vaaree has expanded its product offerings to over 20,000 distinct items, and they proudly claim to have delivered more than 150,000 products to households all across India.
Previously, Vaaree had secured a pre-seed round in early 2022, with investments from prominent angel investors such as Kunal Shah, Arjun Vaidya, Vineeta Singh, Ghazal Alagh, Varun Dua, Manish Dugar, Anjali Bansal, Suhail Sameer, Prabhu Rangarajan, Mohan K, Ruchi Deepak, and many more.
Notably, Vaaree was a part of the eighth cohort of Surge, an association that played a pivotal role in its growth journey.
That’s fantastic news! Vaaree, the home furnishings marketplace, has recently secured a whopping $4 Million in seed funding, propelling them to new heights in the industry. Sending my best wishes to the Vaaree team!~ Dr Shishir Gupta founder & CEO of StartupLanes
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