Alumni engagement and networking platform Vaave raises Rs 6.6 crore in its first major funding round

Vaave, an alumni engagement and networking platform, has raised Rs 6.6 crore in its first major external funding round. The investment was led by notable investors including Aditya Vuchi through VCMint and Raj Narayanam, Founder & Executive Chairman of Zaggle via RAN Ventures.

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Over the past decade, Vaave has grown organically and partnered with over 1,200 institutions across 28 countries, including IISc, 5 IITs, 10 IIMs, 13 NITs, and 2 IIITs, along with many other marquee institutions. It also claims to power 35 corporate alumni platforms, serving leading organizations such as Tata Steel, Deloitte, Virtusa, and Bosch.

“At Vaave, we’ve always believed alumni networks are a transformative force for institutions, shaping not just their legacy but their future. The power of ‘alumni capital’ is now being recognized across India, and we’re proud to lead this movement,” said Paresh Masade, Founder & CEO of Vaave.

Speaking on the investment, Aditya Vuchi said: “The alumni engagement space is at an inflection point and poised for rapid growth. I greatly admire the resilience and persistence of Paresh and his team, which has put them in pole position to lead this transformation.”

Vaave, a T-Hub Lab32 alumnus from Batch 2, has been backed over the years by a network of early members, including Ramakrishna Pachigolla, Mandava Prabhakar Rao, Shashikant Chowdhary, Sanjay Jesrani, Murthy Aradhi, Naveen Vutha, Kunal Dikshit, Kapil Kunta, Dr. Anil Kolli and several other alumni of the founders.

Vaave will use the funding for its next phase of growth, with a focus on building stronger alumni ecosystems, doubling down on market expansion, and investing in innovative product growth avenues.