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Home decor startup Vaaree raises $4 million in round led by Peak XV’s accelerator programme Surge

Economic Times

Economic Times · 1y ago

Home decor startup Vaaree raises $4 million in round led by Peak XV’s accelerator programme Surge

Indian home furnishings and decor marketplace, Vaaree, has raised $4 million in a seed round led by Surge from Peak XV's accelerator program. The funding will be used to enhance the user experience, support curation and merchandising, and create omnichannel experiences. Vaaree follows a factory-to-home model to drive logistics and affordability. The company plans to expand its product range and aims for significant growth by next September. Vaaree previously raised funds in a pre-seed round from investors including Kunal Shah of Cred and Arjun Vaidya of Dr Vaidya's.

Related News

Home Decor Startup Vaaree To Raise INR 20.78 Cr In Pre-Series A Funding

Inc42 · 1y ago

Home Decor Startup Vaaree To Raise INR 20.78 Cr In Pre-Series A Funding

Vaaree, an omnichannel home decor startup, is set to raise INR 20.78 crore ($2.8 million) in a Pre-Series A funding round. The investment will be led by Capier Investments, with participation from Peak XV’s Surge Ventures. The company's board of directors had previously passed a resolution to issue 3,063 Pre-Series A cumulative compulsorily convertible preference shares to secure the funding. Vaaree, founded in 2022 by Garima Luthra, Pranav Arora, and Varun Vohra, offers a wide range of home decor products.

Exclusive: Home Decor Startup Vaaree Closes Pre-Series A Round At $4.6 Mn

Inc42 · 2d ago

Exclusive: Home Decor Startup Vaaree Closes Pre-Series A Round At $4.6 Mn

Vaaree, a home decor marketplace, has closed its extended pre-Series A funding round at $2.09 million. The round saw participation from existing investors such as PeerCapital, Peak XV’s Surge Ventures, Sattva Family Office, and others. Vaaree plans to use the funds to enhance product discovery on its platform through AI and boost brand awareness. The latest investment brings the company closer to strategically expanding its presence in the home decor sector.

Exclusive: Home decor startup Vaaree kicks off new round

Entrackr

Entrackr · 1y ago

Exclusive: Home decor startup Vaaree kicks off new round

Home Furnishing & Decor Startup Vaaree has raised Rs 20.78 crore ($2.5 million) in a pre-Series A round led by Capier Investments with the participation of Peak XV’s Surge Ventures. The board at Vaaree has passed a special resolution to issue 3,063 pre-series A CCPS at an issue price of Rs 67,856 each to raise Rs 20.78 crore or $2.5 million, its regulatory filing accessed through Registrar of Companies shows. Capier Investments pumped in Rs 12.47 crore while Surge Ventures contributed Rs 8.31 crore in the pre-series A. The company is likely to get more funds in the same round. As per TheKredible’s estimate, the company is valued at around Rs 180 crore ($21.6 million) post-money. Vaaree has raised around $7 million to date including a $4 million seed money led by Peak XV’s Surge Ventures and with the participation of Vistra, Better Capital, Capier Investments, and All in Capital in September last year. Founded in 2022 by Garima Luthra, Pranav Arora, and Varun Vohra, Vaaree caters to home decor across categories including furnishing, kitchen, decor, bath, and garden. Vaaree was a part of the eighth cohort of Surge’s accelerator program and it also raised funds from angels such as Kunal Shah, Arjun Vaidya, Vineeta Singh, Ghazal Alagh, Varun Dua, Manish Dugar, Anjali Bansal, Suhail Sameer, and Ruchi Deepak, among others. In its first fiscal year (FY23), Vaaree’s revenue from operations was recorded at Rs 1.91 crore while the loss of the firm stood at Rs 3.5 crore in the same period. The company is yet to file its financial results for FY24. Livspace, HomeLane and Furlenco are the top notch funded startups in the home decor space. Early stage companies such as DecorTwist, Sunday Design, and KraftInn, among others, also raised funds in the past couple of years.

Meet Indian startups that made it to Peak XV’s Surge 10 cohort

VCCircle

VCCircle · 8m ago

Meet Indian startups that made it to Peak XV’s Surge 10 cohort

Four Indian startups have been selected for the tenth cohort of the seed-stage accelerator platform, Surge, by venture capital firm Peak XV. The cohort also includes startups from various other countries. Each startup will receive up to $3 million in seed funding and full-stack support from Surge. The programme will focus on founder development, go-to-market strategies, product refinement, and brand building. The Indian startups include Ambak, which compares and arranges home loans; Dezy, a healthtech startup in dental care; The Health Factory, offering health-focused baked goods; and SalarySe, a fintech startup.

Fintech startup Ambak raises $7 million in round led by Peak XV’s Surge

Economic Times

Economic Times · 5m ago

Fintech startup Ambak raises $7 million in round led by Peak XV’s Surge

Fintech startup Ambak raised $7 million in a funding round led by Peak XV's Surge, with participation from various investors. The Gurugram-based company, founded in 2024, aims to expand operations to 35 cities and serve 100,000 customers, targeting over $1 billion in loan disbursements by FY26. The platform utilizes data analytics and AI for seamless home loan processes, integrating with financiers’ platforms. Ambak plans to develop regional AI bots for enhanced customer outreach and loan processing.

Investors turn to small-ticket home decor to beat furniture blues

Livemint

Livemint · 9m ago

Investors turn to small-ticket home decor to beat furniture blues

Investors are showing interest in small-ticket home decor startups as bigger furniture startups like Urban Ladder and Pepperfry plateau in sales. Some recently funded startups in the home decor space include Nestasia and Vaaree, which raised $8.35 million and $4 million respectively. The home decor market is valued at $15 billion and offers potential for companies that can deliver innovative designs while maintaining inventory control. These startups focus on non-furniture items and are benefiting from increased organic discovery through social media platforms. However, the furniture market in India is still growing and expected to reach $39 billion by 2027.

Luma Fertility raises $4 Mn led by Peak XV’s Surge

Entrackr

Entrackr · 12d ago

Luma Fertility raises $4 Mn led by Peak XV’s Surge

Luma Fertility raises $4 Mn led by Peak XV’s Surge Fertility-tech startup Luma Fertility has raised $4 million in seed funding led by Peak XV’s Surge, with participation from Ameera Shah (Metropolis Healthcare) and Vijay Taparia (B2V Ventures). The proceeds will help Luma expand its footprint across Mumbai and scale to new cities over the next two years. Founded by Neha K. Motwani, Luma Fertility provides end-to-end fertility services including IVF, egg/embryo freezing, fertility assessments, and pre-conception care. Motwani had previously built fitness marketplace Fitternity which was acquired by Cult.fit (formerly Cure.fit) in February 2021. Luma has launched a 6,000 sq ft flagship tech-enabled clinic in Bandra, Mumbai. It also integrates holistic services such as nutrition, IV therapy, acupuncture, and at-home semen testing. The platform offers an IVF companion app, with tools for journey tracking, real-time reports, and LumaAI, a 24/7 assistant for cycle guidance and medication support. The clinic features an open lab design, transparency-first policies, and a dedicated care team for every patient. As per market research, India’s fertility rate is dipping below replacement (from 2.1 to 1.9), and IVF cycles are projected to grow from 320K in 2024 to 550K by 2028. Luma is also eyeing expansion into egg and embryo freezing services, catering to urban millennials and Gen Z consumers delaying parenthood.

Meet The 14 Startups From Peak XV’s ‘Surge 10’

Inc42 · 8m ago

Meet The 14 Startups From Peak XV’s ‘Surge 10’

Peak XV Partners has announced its selection of 14 startups for its Surge 10 cohort. Each startup will have the opportunity to receive up to $3 million in seed funding. The cohort will focus on various sectors including AI, developer tools, consumer brands, fintech, and healthcare. The Surge 10 programme will take place from October 2024 to February 2025, featuring a combination of in-person and online sessions and events.

ELIVAAS Raises $5 Mn To Expand Its Vacation Home Management Platform

Inc42 · 9m ago

ELIVAAS Raises $5 Mn To Expand Its Vacation Home Management Platform

ELIVAAS, a luxury apartment management startup, has raised an undisclosed amount in a funding round led by 3one4 Capital. The company will use the funds to enhance its technology infrastructure, expand its market reach, and scale its operations. ELIVAAS assists property owners in monetizing and managing their vacation rental homes. The funding round also saw participation from Peak XV Partners' accelerator and incubation program, Surge, as well as several angel investors.

SaaS firm Nirmata raises $9.6 million from Peak XV’s Surge, others

Economic Times

Economic Times · 5m ago

SaaS firm Nirmata raises $9.6 million from Peak XV’s Surge, others

Nirmata, a software solutions provider, secured $9.6 million in funding led by Peak XV’s Surge, with participation from other investors. The San Jose company aims to expand its India operations, enhance its go-to-market strategy, and accelerate product development. Specializing in Kubernetes policy and governance, Nirmata's main product, Kyverno, has become a key tool in security and compliance for cloud-native applications. The company plans to double its workforce and reach 60-100 global customers.

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