Wedding services startup Meragi has secured $9.1 million in a new funding round led by Accel, with participation from existing investors Peak XV Partners and Venture Highway.
This funding marks a significant milestone for Meragi, which was part of the eighth cohort of Peak XV’s accelerator program, Surge.
The fresh capital will be utilized to expand Meragi’s operations into new cities, establish partner venues and experience centers, and venture into new categories such as venues and catering. “The funds will help us scale our services and enhance our offerings in the wedding industry,” Meragi stated in a press release.
Entrackr had exclusively reported about Meragi’s upcoming round in June.
Founded in 2021 by Mukund Mohan Raj, Abhinav Chandran, and Lakshminarayan B, Meragi provides a comprehensive range of modern wedding services.
These include decoration, photography, videography, makeup, hairstyling, mehendi, catering, venue selection, entertainment, and invitations. The platform enables users to discover, design, and purchase these products and services for various lifestyle events.
Additionally, Meragi offers destination wedding packages in popular locations such as Goa, Coorg, Chikkamagaluru, Mysuru, and Bengaluru. The Bengaluru-based company claims to have delivered 3,000 events and registered Rs 48 crore in gross merchandise value (GMV) last year. Meragi aims to double this GMV by the end of FY25.
Meragi’s customer base primarily consists of individuals aged 25 to 35 years. The company plans to expand its services to Gurugram and Jaipur this year.
Other notable startups in the wedding services space include Weddingz.in, Wedding Cloud, Shaadilogy, Shaadi Baraati Event Management, among others.
With the new funding, Meragi is poised to strengthen its position in the competitive wedding services market, leveraging the support from Accel, Peak XV Partners, and Venture Highway to drive its growth and innovation.
This funding round underscores the growing investor interest in the wedding services sector, reflecting the industry’s potential for substantial growth and development.
