Wedding services startup Meragi raises $9.1M in Series A round led by Accel
The startup plans to use the capital to expand into more cities, launch partner venues and experience centres, and offer tech products to its customers.
Bengaluru-based , a wedding services startup, has raised $9.1 million in its Series A round led by Accel. The round also participation from existing investors Peak XV Partners (formerly Sequoia Capital India & SEA) and Venture Highway, and angel investor Anupam Mittal.
This infusion follow's Meragi's fund raise of $4.4 million last year.
The startup plans to use the capital to expand into more cities, launch partner venues and experience centres, and offer tech products to its customers.
Founded in 2021 by Abhinav Chandran, Lakshminarayan B, and Mukund Mohan Raj, Meragi offers end-to-end wedding services, including wedding planning, decoration, photography, and catering.
“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, Meragi.
Meragi operates in key Indian marketsm including Bengaluru, Hyderabad, and National Capital Region, and offers destination weddings in Goa and Jaipur.
In the last financial year, the company generated Rs 48 crore in gross merchandise value. It aims to double it in the current financial year and is targeting Rs 100 crore, said the company in a statement.
"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.
"Meragi's 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,” he added.
Edited by Swetha Kannan