(From left) Vaaree co-founders Pranav Arora, Garima Luthra, and Varun Vohra / Photo credit: Vaaree
Vaaree, an online platform that offers home products, has raised US$4 million in a seed round led by Surge, a scale-up program by Peak XV Partners.
Founded in 2022 by Garima Luthra, Pranav Arora, and Varun Vohra, Vaaree plans to use the new funding to hire more staff, bolster its operations, and explore AI applications.
Funding details
- Funding amount: US$4,000,000
- Lead investor: Surge
- Other investors: PeerCapital, All In Capital, Better Capital
- Stage: Seed
- Source
Since its establishment, Vaaree has grown to have over 20,000 products online and has delivered more than 150,000 products to homes across India, the company said. It directly works with local manufacturers, enabling it to offer high-quality home furnishings at a lower cost.
Vaaree opened its first retail store in Bangalore in October, featuring over 2,000 products across various home and lifestyle categories.
With the latest fundraise, the company is set to capitalize on the burgeoning online home products market, which is expected to reach a compound annual growth rate of 10.7% from this year through 2028.
See also: Recession Run: Sequoia’s $850m plan during a downturn
More details
Vaaree→
|
||
| Stage | Amount (US$) | Investors |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
