Hyderabad-based alumni engagement and networking platform Vaave has secured ₹6.6 crore in its first significant external funding round, led by Aditya Vuchi of VCMint and Raj Narayanam of RAN Ventures, founder and executive chairman of Zaggle.
Key Highlights
- Vaave secures ₹6.6 crore seed funding from Aditya Vuchi and Raj Narayanam to expand globally.
- Hyderabad-based Vaave will enhance alumni networking SaaS offerings across institutions and strengthen market presence.
Previously bootstrapped with support from friends and a few angel investors, Vaave plans to use the fresh capital to expand into new markets, upgrade its product offerings, and further consolidate its position in the alumni networking segment.
Founded by Paresh Masade, Yasaswy Peesapati, and Jaipal Reddy, Vaave operates on a subscription-based SaaS model, helping educational institutions and corporates strengthen alumni ecosystems and improve engagement.
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The platform currently partners with over 1,200 institutions across 28 countries, including premier Indian institutes like IISc, IITs, IIMs, NITs, and IIITs. It also manages 35 corporate alumni networks for leading organizations such as Tata Steel, Deloitte, Virtusa, and Bosch.
Vaave faces competition from global alumni networking platforms like Almabase, Graduway, and Hivebrite, but aims to differentiate itself through its India-first approach and scalable SaaS solutions tailored to diverse client needs.
The funding marks a key milestone in Vaave’s journey toward becoming a global leader in alumni engagement.
