Bengaluru Wedding Startup Meragi Raises $9.1 Million

Meragi, a wedding services startup, 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 infusion of capital will support Meragi’s expansion plans and enhance its service offerings to cater to the growing demands of the wedding industry in India.

The details:

• Meragi previously raised $4.4 million in 2023 in a funding round led by Peak XV Partners’ Surge scale-up programme.
• The startup plans to use the funds to expand operations into additional cities, establish partner venues and experience centers, and offer new technology products to customers.
• Meragi aims to enhance its market presence by providing comprehensive solutions for modern wedding needs and entering new categories like venues and catering.

Founded in 2021 by Mukund Mohan Raj, Abhinav Chandran, and Lakshminarayan B, Meragi offers a range of wedding-related services such as decoration, photography, videography, makeup, hairstyling, mehendi, catering, venue, entertainment, and invitations.

What they’re saying:

• “Having successfully delivered over 3,000 events in just 2 years, we’re eager to grow Meragi into a household name. Alongside our previous investors, Peak XV Partners and Venture Highway, we are thrilled to welcome Accel to our journey. With their expertise and support, we are confident in bringing the Meragi experience to thousands of more couples and families in India,” said Abhinav Chandran, co-founder and CEO.
• “Weddings in India are celebrated with deep cultural significance. With rising aspirations, couples today are seeking memorable experiences but within their budgets. At Accel, we are excited to support Meragi in their mission to make dream weddings accessible to all Indian couples,” said Pratik Agarwal, Principal at Accel.

The market: Meragi claims to have a significant presence in key Indian markets, including Bengaluru, Hyderabad, and the National Capital Region, with plans to expand to Gurugram and Jaipur within this year. The startup has successfully delivered over 3,000 events in just two years and generated INR 48 Cr in gross merchandise value (GMV) in the last financial year, aiming to double this to Rs 100 crore in the current financial year.

Full story

Meragi, a Bengaluru-based wedding services startup, has raised $9.1 million in a Series A funding round led by Accel. Existing investors Peak XV Partners (formerly Sequoia Capital India & SEA) and Venture Highway also participated in the round, along with Shark Tank India judge and angel investor Anupam Mittal. The startup plans to use the funds to expand operations into additional cities, establish partner venues and experience centers, and offer new technology products to customers.

They are also looking to enter new categories like venues and catering. Founded in 2021 by Mukund Mohan Raj, Abhinav Chandran, and Lakshminarayan B, Meragi offers a range of wedding-related services such as decoration, photography, videography, makeup, hairstyling, mehendi, catering, venue, entertainment, and invitations. The platform enables users to discover, design, and purchase these services and products for various lifestyle events.

Meragi claims to have a significant presence in key Indian markets, including Bengaluru, Hyderabad, and the National Capital Region, with plans to expand to Gurugram and Jaipur within this year.

Bengaluru startup expands wedding services

The startup has successfully delivered over 3,000 events in just two years.

“Having successfully delivered over 3,000 events in just 2 years, we’re eager to grow Meragi into a household name. Alongside our previous investors, Peak XV Partners and Venture Highway, we are thrilled to welcome Accel to our journey. With their expertise and support, we are confident in bringing the Meragi experience to thousands of more couples and families in India,” said Abhinav Chandran, co-founder and CEO.

Previously, Meragi raised $4.4 million last year in a funding round led by Peak XV Partners’ Surge scale-up programme. The fresh infusion of capital is expected to support the startup’s expansion plans and enhance its service offerings to cater to the growing demands of the wedding industry. This funding round signals strong investor confidence in Meragi’s business model and growth potential.

The company’s innovative approach to wedding planning, combined with its dedicated team, positions it well to capitalize on the burgeoning market for organized wedding services in India.