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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.

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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.

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

Inc42 · 25d 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.

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.

Arrivae Bags INR 21 Cr From Mithun Sacheti

Inc42 · 1y ago

Arrivae Bags INR 21 Cr From Mithun Sacheti

Arrivae, an interior design solutions startup, has raised INR 21 crore (approximately $2.5 million) in an extended Series B funding round from Mithun Sacheti, co-founder of CaratLane. The funds will be used to expand distribution, penetrate existing markets, and strengthen the supply chain. Sacheti has also joined the board of Arrivae, which already includes investors Madhusudhan Kela, Yash Kela, and Raghav Bubna. Arrivae offers end-to-end home interiors solutions and has a catalog of over one million products. The Indian home decor market is projected to reach $67.4 billion by 2032.

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

Livemint

Livemint · 10m 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.

Shark Tank India feautred Nestroots raises Rs 3Cr in a pre-Seed round

IndianStartupNews

IndianStartupNews · 1y ago

Shark Tank India feautred Nestroots raises Rs 3Cr in a pre-Seed round

Nestroots, a home decor and lifestyle brand featured on Shark Tank India, has raised Rs 3 crore in a pre-seed funding round. The funding, led by Beyond Seed Singapore and managed by Bestvantage Investments, will be used to enhance the brand's online presence and expand into international markets. Nestroots plans to diversify its product range and increase its offline presence through Shop-in-Shops and Multi-Brand Outlets. With the goal of becoming a 'Home-Everything' destination, the startup aims to cater to the growing demand in India's home decor market, which is projected to reach $39.44 billion by 2027.

Indigo’s VC Arm Marks First Close Of Maiden Fund At INR 450 Cr

Inc42 · 28d ago

Indigo’s VC Arm Marks First Close Of Maiden Fund At INR 450 Cr

Indigo Ventures, the VC arm of the airline Indigo, has marked the first close of its maiden fund at INR 450 Cr, after receiving SEBI approval for an alternative investment fund (AIF). The fund aims to raise INR 600 Cr, targeting early-stage startups, particularly in aviation and related sectors. Alongside the fund closure, Indigo Ventures announced its inaugural startup investment in Jeh Aerospace, backed by General Catalyst, focusing on pre-Series A to Series B stages.

Finova Capital Seeks To Raise INR 800 Cr In A Mix Of Primary & Secondary Deal

Inc42 · 10m ago

Finova Capital Seeks To Raise INR 800 Cr In A Mix Of Primary & Secondary Deal

Finova Capital, a fintech startup offering business loans and home loans in semi-urban and rural areas, is set to raise a new round of funding. The round will be led by new investors Avataar Venture Partners, Madison India Capital, and Belgium investment fund Sofina. In FY24, the company recorded a consolidated profit after tax of INR 151.5 Cr and an operating revenue of INR 529.3 Cr.

Angel investor Adhvith Dhuddu invests $250K in home décor brand DecorTwist

IndianStartupNews

IndianStartupNews · 1y ago

Delhi NCR-based startup DecorTwist has secured $250,000 in seed funding from angel investor Adhvith Dhuddu. The funds will be used for product line expansion, marketing outreach, and growth into the B2B segment. DecorTwist, founded in 2022, offers a wide range of home products under categories like decor, furniture, and gifting. The startup aims to become a one-stop shop for home decor. Adhvith Dhuddu, CEO of AliveNow, believes in the potential of DecorTwist to revolutionize the industry.

Stupa Sports Analytics Nets INR 28 Cr To Offer AI Solutions To Sports Federations

Inc42 · 1y ago

Stupa Sports Analytics Nets INR 28 Cr To Offer AI Solutions To Sports Federations

Sports analytics startup Stupa Sports Analytics has raised INR 28 Cr (approximately $3.3 Mn) in its Pre-Series A funding round. The Gurugram-based company, founded in 2020, offers AI-driven solutions like player performance analytics to sports federations. The funds will be used for talent acquisition, global expansion, and product scaling. Stupa aims to penetrate the B2C market in India and the US while deepening its existing business in Europe and Asia. They currently serve over 15 sports federations and have partnered with the European Federation for Table Tennis. India is home to 1,549 sports tech startups.

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