Hyderabad-based startup Vaave has secured ₹6.6 crore in its first major external funding round. This achievement marks a turning point in the company’s growth journey.
The funding round was led by Aditya Vuchi (VCMint) and Raj Narayanam (RAN Ventures, Founder & Executive Chairman of Zaggle). Their backing highlights strong investor confidence in Vaave’s vision.
Until now, the startup had relied on bootstrap funds, along with support from friends and angel investors. However, with this fresh capital, the company plans to enter new markets, accelerate product innovation, and strengthen its leadership in alumni engagement.
Founded by Paresh Masade, Yasaswy Peesapati, and Jaipal Reddy, Vaave delivers subscription-based SaaS solutions. These solutions help educational institutions and corporates build and manage thriving alumni communities.
Today, the platform supports 1,200+ institutions across 28 countries, including top institutes like IISc, IITs, IIMs, NITs, and IIITs. Moreover, it manages alumni networks for leading corporates such as Tata Steel, Deloitte, Virtusa, and Bosch.
With its advanced networking and engagement tools, Vaave competes directly with international players like Almabase, Graduway, and Hivebrite. Yet, it positions itself as a strong homegrown alternative in the global alumni management space.
Therefore, this funding serves as a pivotal milestone in Vaave’s mission to empower institutions and enterprises. Ultimately, it aims to drive lifelong alumni engagement and sustainable community growth.
