Vaave

What Vaave does

Vaave (now Hoopstr), legally Coherendz India Private Limited, is a Hyderabad-headquartered SaaS company founded in 2011 that provides alumni engagement software and activation services to educational institutions and corporate enterprises. The company operates a cloud-based platform that enables clients to launch and manage alumni portals, track alumni outcomes, run events and webinars, facilitate mentoring and internship programs, and — for corporate customers — identify and re-engage former employees as boomerang hires using AI-driven matching. Its product suite includes the core Alumni Platform, Magic DB for alumni records, Vanguard (Internship Activation Program), Hoopstr Live for real-time engagement, Hoopstr Advance for analytics, Boomerang AI for talent re-engagement, and add-on services for leadership development and brand partnerships.

Vaave monetizes through enterprise SaaS subscriptions combined with managed activation programs (internships, leadership, mentorship) and AI-powered talent solutions. It sells directly to large institutions and corporates via consultative field sales, with no publicly disclosed pricing and customer-acquisition driven by 'Request a Callback' CTAs and dedicated phone lines for India and North America. The customer base spans 18+ named enterprises across Indian higher education (IISc Bangalore, IIM Calcutta, IIM Lucknow, NIT Calicut, VIT, Symbiosis), automotive (Maruti Suzuki, Hero MotoCorp), steel and energy (Tata Steel, Tata Power), technology (Bosch Global Software Technologies, Virtusa, KPIT), consulting (Deloitte), and conglomerates (RPG, GMR, Amar Raja, APCO). After 14 years of bootstrapped operation, the company rebranded from Vaave to Hoopstr in 2026 and secured its first institutional external funding (Rs 6.6 crore, ~$800K) from VCMint and RAN Ventures in January 2026 to support global expansion, product enhancement, and category leadership efforts.

Name

Vaave

Legal name

Coherendz India Private Limited

Website

https://vaave.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Vaave (now Hoopstr) is a Hyderabad-based SaaS platform that provides alumni engagement software and activation services to educational institutions and corporate enterprises, including AI-powered boomerang hire matching, serving clients like IISc, IIMs, Tata Steel, Deloitte, Bosch, and Maruti Suzuki.

Ownership category

akta.pro rank

Product category

Alumni Engagement Software

NAICS

Custom Computer Programming Services (541511), Computer Training (611420)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Gifted & Talented (G&T) / Advanced Learner Tutoring (EDANAKAC)

Keywords

• Alumni engagement software
• Alumni management platform
• Institution alumni networks
• Corporate alumni programs
• Alumni networking SaaS

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscriptions: Subscription-based access to the alumni engagement platform, including portal hosting, data management, and engagement tools. Pricing is not publicly disclosed and likely structured per-institution or per-alumni volume tiers.
2. Alumni Activation Programs: Programs such as Internship Activation (Vanguard) and Leadership Programs are sold as services to institutions seeking managed alumni engagement outcomes beyond pure software licensing.
3. Corporate Alumni Solutions: Dedicated solutions for corporate clients including Boomerang AI (talent re-hire), Talent Solutions, and Member Benefits/Brand Partnerships, generating revenue through both software licensing and program management fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hoopstr (formerly Vaave) is a SaaS alumni engagement platform that enables educational institutions and corporate enterprises to build and manage exclusive alumni networks. The platform combines a core Alumni Platform (portal, member management, engagement tools) with modular add-ons including Magic DB, Vanguard Internship Activation, Hoopstr Live, Hoopstr Advance, Boomerang AI, Corporate Alumni Program, Talent Solutions, Leadership Program, Member Benefits, and Upskill in AI, delivering outcomes in placements, fundraising, mentoring, and boomerang talent re-hire.

Product overview

Vaave (now rebranded to Hoopstr) is an alumni engagement platform operating as a unified platform-plus-modules architecture. The core offering is the Alumni Platform, which serves as the central hub for managing alumni relationships. This is augmented by specialized modules including Magic DB for database management, Hoopstr Live for real-time engagement, Hoopstr Advance for analytics, and Boomerang AI for AI-powered re-engagement. The company also offers distinct solutions for three segments: institutions (Alumni Platform, Magic DB, Vanguard Internship Program, Hoopstr Live, Hoopstr Advance, Leadership Program), corporations (Corporate Alumni Program, Boomerang AI, Talent Solutions, Brand Partnerships), and alumni/students (Upskill in AI with mentor). The platform is positioned to deliver measurable outcomes including improved placements, increased fundraising, and enhanced institutional rankings.

Differentiator

Problem solved

Functional benefit

Brands

• Magic DB: Alumni database management solution
• Vanguard
• Hoopstr Live
• Hoopstr Advance
• Boomerang AI
• Alumni Capital
• Alumni Leadership Program

Products and services

• Hoopstr Alumni Platform (formerly Vaave) Core cloud-based SaaS platform for educational institutions and corporate enterprises to build and manage exclusive alumni networks, including portal creation, member tracking, engagement tools, networking, mentoring, placements, fundraising, and institutional rankings support.
• Corporate Alumni Program Solution for companies to manage their corporate alumni networks, including former-employee re-engagement and talent pipeline management, sold to large enterprises.
• Boomerang AI AI-powered solution enabling companies to identify and re-engage former employees (boomerang hires) through intelligent matching and outreach for open roles.
• Talent Solutions Recruitment and talent acquisition service leveraging the corporate alumni network for hiring needs.
• Internship Activation Program (Vanguard) Managed program connecting current students with alumni for internship opportunities, driving placement and mentorship outcomes for educational institutions.
• Alumni Leadership Program Program for developing alumni leadership skills and connecting emerging leaders within the institutional alumni network.
• Alumni Capital Outcome-driven activation program focused on driving real results in placements, fundraising, mentoring, and institutional growth.
• Member Benefits (Brand Partnerships) Partnership program offering exclusive benefits and discounts to alumni through brand collaborations, operated as a corporate alumni offering.
• Upskill in AI with Mentor Skill development program for alumni and students to upskill in AI with mentor guidance, offered under the For Alumni/Students segment.

Quantifiable outcome

• Drive real outcomes — placements, fundraising, mentoring, institutional rankings, brand perception, and increased alumni engagement

Named customers18 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vaave