Home decor platform Vaaree raises $4.6 million in round led by PeerCapital
Empower your mind, elevate your skills
Home decor platform Varee has raised $4.6 million in a funding round led by Peer Capital , with participation from existing investors, such as Peak XV Partners' startup accelerator programme Surge, and All India Capital. The round also saw participation from investors such as Sattva Ventures and the Asian Paints family office.The company plans to use the fresh capital to expand its AI-powered home décor app, VibeCheck , and expand its fulfilment and brand verification (FABV) network to speed up delivery. It also plans to expand its presence across metro and tier-2 cities.Founded by Garima Luthra , Pranav Arora, and Varun Vohra in 2022, Vaaree operates as a curated marketplace for home and soft furnishings, sourcing directly from export-oriented factories.'We're building for the Indian home with speed, soul, and smarts. This fresh capital will be used in technology, operations, and brand expansion. We are also launching AI-powered styling with VibeCheck, enabling next-day deliveries through our FBV network, and deepening our brand presence across the country in metro and tier-2 cities,' Luthra told ET.The online marketplace curates close to 80,000 products across 150 categories.The home décor platform previously raised $4 million in seed funding from Surge in November 2023.'We've backed Vaaree from the very first cheque because they're not just building a home brand, they're building the rails for how India will shop for home in the future. As the $15 billion home furnishings and décor category comes online, Vaaree is setting the standard, and we're excited to double down on that vision,' said Ankur Pahwa, partner at PeerCapital We created Vaaree so every style from Bohemian to art deco can be shopped in one trusted place, said the company in a prepared statement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
14 minutes ago
- Indian Express
Fadnavis to inaugurate mega projects in Gadchiroli today
Marking a new chapter in the development of the state and in the industrial growth of Gadchiroli district, Chief Minister Devendra Fadnavis will inaugurate various projects of Lloyds Metals and Energy Ltd (LMEL) in a grand ceremony at Konsari on Tuesday. He will also lay the foundation stone for the mega Integrated Steel Plant of the company. Fadnavis will inaugurate the first phase of 5-Million Tonnes Per Annum (MTPA) iron ore grinding plant at Hedri in Gadchroli district, a 10 MTPA capacity slurry pipeline from Hedri-Konsari, and 4 MTPA capacity pellet plant at Konsari. Besides, he will perform bhoomipujan of 4.5 MTPA capacity mega Integrated Steel Plant, 100-bedded hospital and a CBSE-patterned school at Konsari in the programme to be held at 12 pm on Tuesday. He will also perform bhoomipujan for LMEL's Somanpalli township. Adv Ashish Jaiswal, Joint Guardian Minister of Gadchiroli district; Dharmaraobaba Atram, MLA; Milind Narote, MLA; B. Prabhakaran, Managing Director, LMEL; Ankit Goyal, DIG, Gadchiroli Range; Avishyant Panda, District Collector; Ashok Nete, former MP; Dr Deorao Holi, former MLA; Shrikant Pawde, Sarpanch of Konsari; 'Padma Shri' Tulasi Munda, and other dignitaries will be present. The occasion marks a significant milestone in industrial growth of Gadchiroli. Over the past few years, since LMEL has commenced operations of Surjagarh iron ore mines and the DRI, pellet plants at Konsari, there has been significant growth in employment to locals. Even the surrendered Naxalites have been trained by the company in industry-oriented skills and absorbed them in jobs to aid the process of integrating them in the mainstream of society. Further, this industrial revolution has provided a never-before boost to the development of Gadchiroli. According to B Prabhakaran, 'July 22, 2025 is going to be recorded in the history of Gadchiroli as well as Maharashtra in golden letters. With the foundation stone being laid for Vidarbha's mega Integrated Steel Plant at Konsari in Gadchiroli district, a step is being taken towards realising the historic dream of making Gadchiroli a steel hub of the country. More than 140 years ago, Gadchiroli would have been the birthplace of the Indian steel industry. Nonetheless, now is the time for Gadchiroli to rise and shine'. 'Lloyds Metals and Energy Ltd is proud of being the driver of the industrial revolution here. After successful green operations of iron ore mines at Surjagarh, commissioning of DRI plant and pellet plant at Konsari, now a giant leap of faith is being taken in the form of Integrated Steel Plant. We thank the government of Maharashtra, Chief Minister Devendra Fadnavis for his vision and support to Gadchiroli's development, people of Gadchiroli, and all our stakeholders for helping us make Gadchiroli the first district of Maharashtra. Now, the foundation stone is being laid for Gadchiroli's bright future, enhanced contribution to Maharashtra's economy, and India's national vision of making Green Steel,' he added.
The Hindu
14 minutes ago
- The Hindu
Technical textiles is a potential area for investments in T.N. by Taiwan companies: official
Technical textiles is a potential sector that can see significant investments in Tamil Nadu by Taiwan companies, said V. Arun Roy, Secretary, Industries, Investment Promotion and Commerce Department, Tamil Nadu. Speaking at the Tamil Nadu – Taiwan Technical Textiles Partnership Summit, organised in Coimbatore on Monday by the Confederation of Indian Industry, Tiruppur Exporters Association, and the Tamil Nadu government, he said Tamil Nadu has a large investment from Taiwan companies in electronics and footwear sectors. Since 2021, the Tamil Nadu government and Taiwan companies have signed 21 MoUs for $ 1.4 billion investment in the State. Technical textiles can be the next potential sector. The PM MITRA Park at Virudhunagar will have dedicated area for technical textiles apart from plug and play facilities for technical textiles. Indian and Taiwan companies should look at investing in the park. Garment exports from Tiruppur and Coimbatore districts grew 20% in 2024-2025 to touch ₹45,000 crores and registered 12 % growth in the first quarter of the current fiscal. The exports are expected to increase 15% this year. However, 'future of the textile industry lies beyond the cotton sector. We should tap opportunities in technical textiles and MMF. It offers more opportunities in value addition,' he said. Director of Handlooms, Tamil Nadu, Maheshwari Ravikumar said the Tamil Nadu government was in the process of issuing an order to offer capital subsidy for the processing sector; will introduce courses in technical textiles in polytechnics and industrial training institutes, and was studying the recommendations submitted in a report by Wazir Advisors to promote sportswear and athleisure production in the State. Over 55 one-to-one business meetings were held in Coimbatore on Monday between Indian companies and Taiwan companies as a part of the Summit.
The Hindu
14 minutes ago
- The Hindu
India's listed startups raised over ₹44,000 crore from public markets in FY25: report
Venture-backed Indian startups raised over ₹44,000 crore ($5.3 billion) in FY25 from public markets via IPOs, FPOs, and QIPs, marking a structural shift in startup fundraising lifecycle in India. According to investment bank Rainmaker Group's RainGauge Index FY25 Annual Update, public markets outpaced private capital for late-stage fundraising, solidifying their role as the dominant source of growth capital. The money raised from public markets was two times more than private late-stage capital. The year also saw a record ₹20,000+ Crore in secondary exits as PE/VC firms like Peak XV and TPG harvested early bets through block and bulk deals. 'FY25 didn't just test India's startup listings, it matured them,' said Kashyap Chanchani, Managing Partner, The Rainmaker Group. 'The public market has become the preferred playground for India's breakout companies. We've now seen the full arc - the IPO frenzy, the valuation winter, and now a clear re-rating driven by fundamentals. This is the age of seasoning. The market is no longer listening to stories, it's pricing in substance. India's innovation economy has hit a new gear, one where companies with predictable earnings, durable moats, and institutional-grade governance will dominate,' he added. The report also noted that despite the early-year correction and record FII outflows [around ₹78,000 Crore in Q1], foreign investors returned strongly by Q4, driven by rate-cut expectations and India's steady macro indicators. The year witnessed Zomato joining the NIFTY50 and SENSEX, Swiggy entering the NIFTY Next 50, and Nykaa, PB Fintech, Ola Electric inducted into the NIFTY MidCap150. 'With IPOs no longer delivering inflated valuations or easy exits, startups will have to align with public market expectations much earlier in their lifecycle,' said a statement from the company. 'Sector-specific valuation guardrails are firmly in place with two-year forward EV/EBITDA multiples now providing structured lenses across internet, SaaS, BFSI, and consumer brands. Analyst-grade metrics, unit economics, transparency, and sustainable growth stories will need to be baked in from day one. Startups must now build with capital efficiency, narrative credibility, and governance readiness and not just valuation hype,' it further read.
