Alumni engagement platform Vaave raises Rs 6.6 crore in maiden external funding

Alumni engagement and networking platform Vaave has raised Rs 6.6 crore in its first major external funding round led by Aditya Vuchi (VCMint) and Raj Narayanam (RAN Ventures, founder & executive chairman of Zaggle). 

The funds will be used to enter new markets, improve products, and reinforce its leadership in alumni networking.

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Over the past 10 years, Vaave has expanded steadily, partnering with 1,200+ institutions in 28 countries — including IISc, 5 IITs, 10 IIMs, 13 NITs, and 2 IIITs — along with other top institutions. The company also manages 35 corporate alumni platforms for leading organizations like Tata Steel, Deloitte, Virtusa, and Bosch.

“At Vaave, we've always believed alumni networks are a transformative force for institutions, shaping not just their legacy but their future. The power of ‘alumni capital’ is now being recognized across India, and we're proud to lead this movement,” said Paresh Masade, Founder & CEO of Vaave.

Aditya Vuchi said, "The alumni engagement space is at an inflection point and poised for rapid growth. I greatly admire the resilience and persistence of Paresh and his team, which has put them in pole position to lead this transformation.”

About Vaave

Vaave, founded by Paresh Masade with Yasaswy Peesapati and Jaipal Reddy, runs a subscription-based SaaS model that helps institutions and corporates build stronger alumni networks and engagement.

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The Hyderabad-based startup began bootstrapped, later receiving support from friends and a few angel investors.