Hyderabad-based alumni networking startup Vaave has raised ₹6.6 crore in its first significant external funding round, marking a major milestone in its growth journey. The investment was led by Aditya Vuchi (VCMint) and Raj Narayanam (RAN Ventures, Founder & Executive Chairman of Zaggle).
Previously operating with bootstrap funds and support from friends and angel investors, Vaave will now leverage this fresh capital to expand into new markets, enhance product innovation, and reinforce its leadership in the alumni engagement ecosystem.
Founded by Paresh Masade, Yasaswy Peesapati, and Jaipal Reddy, Vaave offers subscription-based SaaS solutions for educational institutions and corporates to build and manage vibrant alumni communities.
The platform already works with 1,200+ institutions across 28 countries, including top-tier institutes such as IISc, IITs, IIMs, NITs, and IIITs. It also manages corporate alumni networks for leading companies like Tata Steel, Deloitte, Virtusa, and Bosch.
By offering advanced networking and engagement tools, Vaave competes with international players such as Almabase, Graduway, and Hivebrite, positioning itself as a strong homegrown alternative in the global alumni management space.
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This funding marks a pivotal step in Vaave’s mission to empower institutions and enterprises with robust alumni ecosystems, driving lifelong engagement and community growth.
