Vaave, an alumni engagement and networking platform, has raised Rs 6.6 crore in its first significant external funding round. The round was led by Aditya Vuchi (VCMint) and Raj Narayanam (RAN Ventures, founder & executive chairman of Zaggle) .
Bootstrapped to Seed-Funded
Initially bootstrapped and minimally backed by friends and a few angel investors, this funding marks Vaave’s transition into a new growth phase with institutional support.
What’s Next for the Funds
The proceeds will be used to:
- Expand into new markets
- Enhance product offerings
- Solidify category leadership in alumni networking
Business Model & Reach
Founded by Paresh Masade, along with Yasaswy Peesapati and Jaipal Reddy, Vaave offers subscription-based SaaS solutions to educational institutions and corporates aiming to strengthen alumni ecosystems and boost engagement.
The platform currently partners with over 1,200 institutions across 28 countries, including premier institutions like IISc, IITs, IIMs, NITs, and IIITs. It also powers alumni platforms for over 35 corporates such as Tata Steel, Deloitte, Virtusa, and Bosch.
Competitive Landscape
Vaave competes with global alumni engagement platforms such as Almabase, Graduway, and Hivebrite.
Final Take
Vaave’s first external funding milestone indicates strong investor confidence in its SaaS platform and alumni engagement play. With this capital infusion, the company is well-positioned to scale its presence, refine its product, and lead the alumni networking category in India and beyond.
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