Vaaree is a Home Décorstartup seeking to raise $2.5 million in Pre-series A funding. This funding round  had the participation of Peak XV’s Surge Ventures and was led by Venture capital firm Capier  Investments. VC firm will be investing more than Rs 12 crore while Peak XV’s surge is planning to invest  Rs 8.31 crore, Inc42 reported.  

The filing mentioned that Vaaree’s board of directors had passed a statement to raise 3,603 Pre-series  A cumulative compulsorily convertible preference shares in March, to raise Rs 20.78 crore with a face  value of Rs 10 each. The startup was founded by Garima Luthra, Pranav Arora, and Varun Arora. The  startup aims to offer an omnichannel network while providing products varying from kitchenware to  home décor items such as furnishing and bedding. In 2023, Vaaree raised $4 million in a funding round  led by Peak SV’s surge with other investors including Peercapital, Better Capital, and more.  

This Beangaluru-based startup has also raised funding from angel investors such as CRED co-founder and Suhar cosmetics CEO among others. The home décor market in India is expected to grow at a CAGR  of 4.14% and reach a valuation of $40.98 billion by 2028. This is one of the many reasons for the  increasing interest of investors in this home décor startup.

TheKredible estimated the startup to be  valued at around $21.6 million in post-money valuation. Vaaree was a part of the eighth cohort of Peak  XV Surge’s accelerator program and it also raised funds from angel investors such as Varun Dua, Arjun  Vaidya, Vineeta Singh, Kunal Shah, Ghazal Alagh, Manish Dugar, Suhail Sameer, Anjali Bansal and Ruchi  Deepak, among others. 

The startup reported its FY23 revenue to be Rs 1.9 crore while they faced a loss of s 3.5 crore. Vaaree  gives competition to known startups in this sector such as Homelane, Livspace, and Furlenco. This  startup has raised a total of $7 million to date, including the $4 million seed money led by Peak XV’s  surge venture.  

Conclusion: 

Bengaluru-based, Vaaree is a Home décor startup that is looking to raise $2.5 million in a Pre-series A  fund round led by Venture Capital’s firm Capier Investment. The startup aims to offer an omnichannel  network while providing products varying from kitchenware to home décor items such as furnishing  and bedding. In 2023, Vaaree raised $4 million in a funding round led by Peak SV’s surge with other  investors including Peercapital, Better Capital, and more.

Vaaree’s board of directors had passed a statement to raise 3,603 Pre-series A cumulative compulsorily convertible preference shares in March,  to raise Rs 20.78 crore with a face value of Rs 10 each. The startup was founded by Garima Luthra,  Pranav Arora, and Varun Arora. TheKredible estimated the startup to be valued at around $21.6 million  in post-money valuation. Vaaree was a part of the eighth cohort of Peak XV Surge’s accelerator program  and it also raised funds from angel investors such as Varun Dua, Arjun Vaidya, Vineeta Singh, Kunal  Shah, Ghazal Alagh, Manish Dugar, Suhail Sameer, Anjali Bansal and Ruchi Deepak, among others.