Meragi Secures $9.1 Million Series A Funding

Wedding services startup Meragi has raised $9.1 million in a Series A funding round led by Accel, with participation from existing investors Peak XV Partners, Venture Highway, and Angel Investor Anupam Mittal.

Why it matters: The fresh capital will enable Meragi to expand into additional cities, launch partner venues and experience centers, and offer tech products to its customers, further solidifying its position in India’s growing wedding industry.

The details:

• Meragi operates in markets like Bangalore, Hyderabad, and NCR, and offers destination weddings in Goa and Jaipur.
• The company generated ₹48 crore in gross merchandise value (GMV) last financial year and aims to double this to ₹100 crore in the current financial year.
• Meragi has successfully delivered over 3,000 events in just two years, an unprecedented scale in the industry.
• The startup previously raised $4.4 million in 2023.

India’s wedding industry is estimated to have grown to $130 billion, with the average household spending ₹12 lakhs on a wedding, according to a recent Jefferies report. The country’s wedding spend-to-GDP ratio stands at 5x, significantly higher than several other economies.

What they’re saying:

• “Having successfully delivered over 3,000 events in just two years—an unprecedented scale in this industry—we are eager to grow Meragi into a household name. Alongside our previous investors, we are thrilled to welcome Accel to our journey. With their expertise and support, we are confident in bringing the Meragi experience to thousands more couples and families in India.” – Abhinav Chandran, Co-founder and CEO of Meragi
• “We are excited to support Meragi in their mission to make dream weddings accessible to all Indian couples. Its innovative, full-stack, all-in-one customer experience is transforming the wedding industry, and we are confident their vision will resonate nationwide, creating lasting memories for families.” – Pratik Agarwal, Principal at Accel

What’s next: Meragi plans to use the fresh funds to expand to Gurugram and Jaipur this year, establish partner venues and experience centers, and venture into newer categories like venues and catering.

Full story

The Bangalore-based wedding services startup Meragi has secured $9.1 million in a Series A funding round led by Accel. Existing investors Peak XV Partners, Venture Highway, and Angel Investor Anupam Mittal also participated in the round. Meragi plans to use the fresh funds to expand into additional cities, launch partner venues and experience centers, and develop innovative tech products for its customers.

The company had previously raised $4.4 million in 2023. Co-founder and CEO Abhinav Chandran said, “Having successfully delivered over 3,000 events in just two years—an unprecedented scale in this industry—we are eager to grow Meragi into a household name. Alongside our previous investors, we are thrilled to welcome Accel to our journey.

Meragi’s expansion plans and new expert backers

With their expertise and support, we are confident in bringing the Meragi experience to thousands more couples and families in India.”

Meragi currently operates in markets like Bangalore, Hyderabad, and NCR, and offers destination weddings in Goa and Jaipur. In the last financial year, the company generated ₹48 crore in gross merchandise value (GMV) and aims to double this to ₹100 crore in the current financial year.

Pratik Agarwal, Principal at Accel, commented, “We are excited to support Meragi in their mission to make dream weddings accessible to all Indian couples. Its innovative, full-stack, all-in-one customer experience is transforming the wedding industry, and we are confident their vision will resonate nationwide, creating lasting memories for families.”

India’s wedding industry is estimated to have grown to $130 billion, with the average household spending ₹12 lakhs on a wedding, according to a recent Jefferies report. The report also noted that India’s wedding spend-to-GDP ratio stands at 5x, significantly higher than several other economies.

Meragi, co-founded in 2021 by Mukund Mohan Raj, Abhinav Chandran, and Lakshminarayan B, offers a wide array of wedding services, including planning, decoration, photography, videography, makeup, hairstyling, mehendi, catering, venue, entertainment, and invitations. The startup’s latest funding round highlights its potential to revolutionize the wedding services industry in India and beyond.