The $4 million seed funding for Vaaree, a marketplace for home furnishings, decor, and accessories, was spearheaded by Peak XV Partners’ rapid scale-up initiative, Surge. PeerCapital, All In Capital, and Better Capital also took part in the round.
Vaaree stated in a press release that the additional funding will increase hiring and improve the online platform’s user experience.
Vaaree was established in February 2022 by Garima Luthra, Pranav Arora, and Varun Vohra. It offers products from individually screened, certified manufacturers who have passed rigorous quality assurance testing.
This October, the business opened Forum South Bangalore Mall, its first retail location in Bengaluru. The store offers over 2,000 products that are suitable for both fun and functionality, from bedding that guarantees comfort to kitchenware for home cooks.
Vaaree’s offering claims to have increased to over 20,000 products within a year of the company’s May 2022 online launch, and it has shipped over 150,000 products to homes throughout India.
Leading angels including Kunal Shah, Arjun Vaidya, Vineeta Singh, Ghazal Alagh, Varun Dua, Manish Dugar, Anjali Bansal, Suhail Sameer, Prabhu Rangarajan, Mohan K, Ruchi Deepak, and many more helped the company raise a pre-seed round in early 2022.
Vaaree belonged to Surge’s eighth cohort.
