Team Startupcity

• Vaave secured Rs 6.6 crore in its first major external funding round, led by VCMint and RAN Ventures.
• The Hyderabad-based startup provides subscription-based SaaS solutions for educational institutions and corporates, partnering with over 1,200 institutions in 28 countries.
• Funds will be used to enter new markets, enhance product offerings, and strengthen its leadership in alumni engagement.

Hyderabad-based startup Vaave, an alumni engagement and networking platform, has raised Rs 6.6 crore in its first major external funding round. The round was led by Aditya Vuchi (VCMint) and Raj Narayanam (RAN Ventures, founder & executive chairman of Zaggle).

Vaave was previously bootstrapped and supported by friends and a few angel investors. The funds will help the company expand into new markets, enhance its product offerings, and strengthen its position in the alumni networking space.

Founded by Paresh Masade, Yasaswy Peesapati, and Jaipal Reddy, Vaave provides subscription-based SaaS solutions to educational institutions and corporates. The platform helps organizations build stronger alumni ecosystems and improve engagement.

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Currently, Vaave partners with over 1,200 institutions across 28 countries, including premier institutes like IISc, IITs, IIMs, NITs, and IIITs, and supports 35 corporate alumni platforms for companies such as Tata Steel, Deloitte, Virtusa, and Bosch.

Vaave competes with other global alumni engagement platforms, including Almabase, Graduway, and Hivebrite, offering innovative tools to connect alumni, foster networks, and strengthen long-term relationships between institutions and their graduates.