The startup plans to use the new funds to grow its AI powered home décor app, VibeCheck and expand its Fulfilment and Brand Verification (FABV) network to enable faster deliveries.
Vaaree, a startup in home furnishings and decor, had raised Rs 20.78 crore ($2.5 million) in a pre-Series A round headed by Capier Investments, in which Peak XV's Surge Ventures participated.
Marketplace for home furniture, decor, and accessories Vaaree secured $ 4 mn in seed financing led by Surge, a fast scale-up programme from Peak XV (formerly Sequoia Capital India & SEA) with participation from PeerCapital, All In Capital, and Better Capital.