Vaaree Secures $2.5 Million in Pre-Series A Funding
Summary
Home decor startup Vaaree has successfully raised Rs 20.78 crore ($2.5 million) in a pre-Series A funding round. This round was spearheaded by Capier Investments, with additional participation from Peak XVs Surge Ventures. The capital infusion aims to bolster Vaarees ambitious expansion plans in the home furnishing sector.Vaaree, co-founded by Garima Luthra, Pranav Arora, and Varun Vohra, has quickly gained prominence in just two years. The recent funding round saw the issuance of 3,063 pre-series A Compulsorily Convertible Preference Shares (CCPS) at Rs 67,856 each. This marks a significant leap for the startup, which has now raised a total of approximately $7 million, including a $4 million seed round led by Surge Ventures and supported by Vistra, Better Capital, Capier Investments, and All in Capital.Vaaree offers a diverse range of home decor products, including furnishings, kitchen items, decor pieces, bath accessories, and garden products, catering to a wide array of consumer preferences.