Vaaree"s New Funding Boosts Growth Amid Financial Challenges

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

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.

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

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).

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.

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

Swipe up to access the comprehensive article on the topic