Funding · Commerce & Consumer Brands
Vaaree raises ₹65 crore in Series A funding
By Startup Enthusiast ·
- Date
- Company
- Vaaree
- What it does
- Home décor and furnishings marketplace
- Kind
- Funding
- Amount
- ₹65 crore
- Stage
- Series A
- Based in
- Bengaluru
- Founded
- 2022
What they do
Vaaree is a Bengaluru-based curated marketplace for home décor and furnishings
What happened
It raised ₹65 crore (~$6.6 million) in Series A led by Hero Enterprise and Cap Alpha Ventures
Why it matters
The funds will expand fulfilment centres and AI-powered VibeCheck platform for personalised discovery
The details
- Vaaree raised ₹65 crore in a Series A funding round.
- The round was led by Hero Enterprise and Cap Alpha Ventures (formerly Client Associates Alternate Fund).
- Existing investors Peak XV's Surge, PeerCapital, All In Capital, Better Capital, OTP Ventures, and Kunal Shah also participated.
- The company plans to use the funds to expand its fulfilment and quality verification centres.
- It aims to bring inventory closer to customers for faster deliveries.
- Vaaree is targeting next-day deliveries across major Indian cities.
- It will also invest in its AI-powered VibeCheck platform for personalised product discovery.
The bigger picture
- Vaaree addresses the large, fragmented home market with a tech-led curated supply chain and AI discovery.
- The home décor and furnishings market in India is highly unorganised, and Vaaree aims to bring structure and trust.
- The participation of multiple existing investors signals confidence in the company's growth trajectory.
About the business
- Vaaree is a Bengaluru-based home décor and furnishings marketplace.
- It was founded in 2022 by Garima Luthra and Varun Vohra.
- The platform offers a curated selection of products, partnering with only about 3 out of every 100 applicants.
- It lists over 1.5 lakh curated products across categories like décor, furnishings, bed and bath, kitchen, and lighting.
- Vaaree uses an AI-powered VibeCheck platform for personalised product discovery, moodboards, visualisation, and coordinated looks.
- The company makes money by taking a commission on each sale from its partner manufacturers and brands.
What happens next
- Expand fulfilment and quality verification centres.
- Bring inventory closer to customers for faster deliveries.
- Target next-day deliveries across major Indian cities.
- Invest in AI-powered VibeCheck platform.
The deal
- Type
- Series A
Investors
- Hero Enterprise (lead) — Investment arm of the Hero Group, led by Sunil Kant Munjal.
- Cap Alpha Ventures (lead) — Formerly Client Associates Alternate Fund, an investment firm.
- Peak XV's Surge (existing) — Early-stage accelerator and seed fund by Peak XV Partners (formerly Sequoia Capital India).
- PeerCapital (existing) — An early-stage venture capital firm.
- All In Capital (existing) — A venture capital fund focused on Indian startups.
- Better Capital (existing) — An early-stage investment firm.
- OTP Ventures (existing) — A venture capital firm.
- Kunal Shah (existing) — Founder of fintech company CRED, an angel investor.
Founders
- Garima Luthra, Co-founder
- Varun Vohra, Co-founder
About Vaaree
- Product
- Curated marketplace with 1.5+ lakh home products including decor, furnishings, bedding, kitchen and lighting with AI-powered discovery
- Customers
- Indian consumers seeking home styling solutions and home furnishing products
- How it makes money
- Marketplace commission model combining curated product selection with proprietary AI styling technology
- What sets it apart
- VibeCheck AI platform personalizes recommendations, visualizes rooms, and automates moodboards to help users discover coordinated looks
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