Bengaluru-Based Wedding Services Startup Meragi Secures $9.1 Million in Series A Funding
Meragi, a wedding services startup based in Bengaluru, India, has recently raised $9.1 million in a Series A funding round. The funding round was led by Accel, with participation from existing investors Peak XV Partners (formerly Sequoia Capital India & SEA) and Venture Highway, as well as Shark Tank India judge and angel investor Anupam Mittal.
Prior to this round, Meragi had raised $4.4 million last year in a funding round led by Peak XV Partners’ Surge scale-up program. The startup plans to utilize the raised capital to expand its operations into additional cities, establish partner venues and experience centers, and offer new technology products to customers. Meragi is also planning to venture into newer categories like venues and catering.
Services Offered by Meragi
Founded in 2021 by Mukund Mohan Raj, Abhinav Chandran, and Lakshminarayan B, Meragi offers a wide range of wedding-related services. These include decoration, photography, videography, makeup, hairstyling, mehendi, catering, venue, entertainment, and invitations. The platform allows users to discover, design, and purchase these services and products for various lifestyle events.
Meragi also offers destination wedding packages in popular locations such as Goa, Coorg, Chikkamagaluru, Mysuru, and Bengaluru.
Market Presence and Future Plans
Meragi claims to have a presence in key Indian markets, including Bengaluru, Hyderabad, and the National Capital Region. The startup now plans to expand its operations to Gurugram and Jaipur within this year. It also claims to have successfully delivered over 3,000 events in just two years.
Abhinav Chandran, co-founder and CEO of Meragi, expressed his excitement about the future, stating, "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."
