Vaaree Secures $2.5 Million in Pre-Series A Funding

Home decor startup Vaaree secured Rs 20.78 crore ($2.5 million) in a pre-Series A round led by Capier Investments and Peak XV’s Surge Ventures. Founded by Garima Luthra, Pranav Arora, and Varun Vohra, Vaaree has swiftly gained traction in the home furnishing sector. \r

With the issuance of 3,063 pre-Series A Compulsorily Convertible Preference Shares (CCPS) at Rs 67,856 each, the startup's valuation surged to Rs 180 crore ($21.6 million). This funding, totaling approximately $7 million, underscores investor confidence in Vaaree's potential, despite facing financial challenges in its initial fiscal year.