Vaaree Secures $4 Million in Seed Funding with Surge and Peak XV
- ByStartupStory | November 7, 2023
Vaaree, an Indian home furnishings and decor marketplace, has successfully secured $4 million in seed funding, with prominent investors Surge and Peak XV leading the funding round. The investment round also saw participation from PeerCapital, All In Capital, and Better Capital.
This funding marks a significant milestone for Vaaree and will be pivotal in supporting the company’s growth plans, including expanding its team and enhancing its online platform.
Founded in February 2022 by the visionary trio of Garima Luthra, Pranav Arora, and Varun Vohra, Vaaree launched its online operations in May 2022. The company’s core mission is to bridge the existing gap in the Indian market by providing accessible and top-quality home furnishings and decor options. In a move to diversify its presence, Vaaree has taken its vision a step further by opening its inaugural retail store in Bengaluru.
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With this seed funding in place, Vaaree is poised to strengthen its position in the competitive home decor market in India. The backing from Surge, Peak XV, and other investors will play a pivotal role in propelling the company’s growth and expanding its reach, ultimately bringing stylish and affordable home decor options to even more customers across the nation.
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