Vaaree has raised ₹65 crore, about $6.6 million, in a Series A led by Hero Enterprise and Cap Alpha Ventures, taking disclosed funding to roughly $15 million.
Its most recent filed accounts, for FY24, show ₹7.06 crore of operating revenue against a ₹15.79 crore net loss, with expenses rising 4.5x to ₹25.21 crore.
The money goes into fulfilment and quality verification centres to hold inventory closer to customers, with a stated goal of next-day delivery across major Indian cities.
No valuation was disclosed for this round. The last figure on record is roughly ₹180 crore post-money, estimated from a May 2024 filing rather than announced.
Read the full story on StartupFox