Vaaree, a startup in home furnishings and decor, has 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.
The funds will be used for expanding origination networks, branding activities, and marketing growth acceleration by the company. Entrackr was the first to report on the development.
In the pre-series A, Surge Ventures contributed Rs 8.31 crore and Capier Investments put in Rs 12.47 crore. Additional funding will probably be given to the company in the round.
Read also – Superfoods Valley Secures Rs 7 Cr Pre-Series A Funding
Vaaree has secured about $7 million, including a $4 million seed investment in September of last year headed by Surge Ventures of Peak XV and involving Vistra, Better Capital, Capier Investments, and All in Capital.
About Vaaree
Founded in 2022 by Garima Luthra, Pranav Arora, Vaaree is an online store selling a variety of home goods in different categories. The product catalogue has items for the kitchen, furnishings, home textiles, decor, and more.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
