Vaave
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Vaave - overview
Established
2008
Location
Hyderabad, Telangana, India
Primary Industry
Internet
About
Founded in 2008 and based in Hyderabad, India, Coherendz India Private Limited, trading under the name Vaave, is a technology-driven platform dedicated to fostering alumni engagement for educational institutions and corporations, enabling meaningful connections within alumni networks. In August 2025, Vaave raised INR 66 million in venture funding led by individual investors. The company was founded by Paresh Masade (CEO) along with Yasaswy Peesapati and Jaipal Reddy. Vaave offers tailored solutions for colleges, universities, schools, alumni associations, and corporates.
Its platform includes features for alumni networking, event management, fundraising, and talent referrals. Key offerings include the Alumni Platform, Magic DB, Boomerang AI, and consulting services. The system is built with enterprise-grade security and complies with global standards like ISO 27001, SOC 2, and GDPR. Vaave operates on a subscription-based SaaS model.
Institutions and corporates pay for access to its platform and services. Additional revenue streams include consulting, leadership programs, and hiring solutions.
Current Investors
Utthishta Management Advisors
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Analytics & Performance Software, Customer Relationship Management
Website
www.vaave.com
Verticals
Cloud Computing, Cloud Computing
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Vaave - timeline of key events
Vaave - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,668,654 | 1,886,172 | 2,085,582 | 2,068,951 | 3,310,591 | 5,943,817 | 8,933,329 | 13,168,500 | 17,503,844 | - | - | - |
| % Revenue Growth (YoY) | - | (29.3%) | 10.6% | (0.8%) | 60.0% | 79.5% | 50.3% | 47.4% | 32.9% | - | - | - |
| EBITDA (USD) | 114,848 | 81,752 | (3,592) | (107,838) | (463,671) | (290,997) | (665,236) | (978,381) | (1,900,794) | - | - | - |
| Operating Income (USD) | 90,930 | 36,627 | (66,232) | (143,178) | (477,049) | (299,916) | (678,200) | (999,427) | (3,828,881) | - | - | - |
| Operating Margin | 3.4% | 1.9% | (3.2%) | (6.9%) | (14.4%) | (5.0%) | (7.6%) | (7.6%) | (21.9%) | - | - | - |
| % EBITDA Margin | 4.3% | 4.3% | (0.2%) | (5.2%) | (14.0%) | (4.9%) | (7.4%) | (7.4%) | (10.9%) | - | - | - |
| NET Income (USD) | 66,362 | 15,974 | (62,297) | (112,892) | (468,669) | (611,816) | (978,376) | (890,203) | (2,774,365) | - | - | - |
| % Net Margin | 2.5% | 0.8% | (3.0%) | (5.5%) | (14.2%) | (10.3%) | (11.0%) | (6.8%) | (15.9%) | - | - | - |
Vaave - employee data
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