Vaaree"s New Funding Boosts Growth Amid Financial Challenges

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Vaaree, an online marketplace for home products, offers high-quality items like bedsheets, cookware, and vases, sourced from certified manufacturers.

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Vaaree ensures a convenient shopping experience with features like "shop the look" and boasts a catalog of over 20,000 products, serving 1 lakh+ happy customers.

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Celebrating its 2nd anniversary, Vaaree is offering special discounts until May 31st, enhancing its appeal to new and existing customers.

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Vaaree secured Rs 20.78 crore ($2.5M) in pre-Series A funding led by Capier Investments and Surge Ventures, raising its valuation to Rs 180 crore ($21.6M).

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This latest round brings Vaaree's total funding to nearly $7 million, following a $4 million seed round in September led by Peak XV’s Surge Ventures.

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Despite its potential, Vaaree faced financial difficulties, with FY23 revenues of Rs 1.91 crore and losses of Rs 3.5 crore.

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