Meragi: Wedding services startup Meragi mops up $9.1 million in round led by Accel
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The funds will be used to expand into new cities and establish partner venues and experience centres.
“We are also expanding deeper into newer categories, like venues and catering. We’re going to spend our money on building more advanced tools,” cofounder and chief executive Abhinav Chandran told ET in an interaction.
“Having successfully delivered over 3,000 events in just two years, we’re eager to grow Meragi into a household name,” he said.
Founded in 2021, the Bengaluru-based startup offers end-to-end wedding services, including wedding planning, decoration, photography, and catering, among others.
“Our customers are typically 25 to 35 years old. These are mostly working professionals who are short on time and high on aspiration,” he said.
The company currently operates in Bengaluru, Hyderabad, and Goa, and plans to expand to Gurgaon and Jaipur this year.
“We are looking to double our business. Last year, we ended with a revenue of Rs 48 crore. We aim to reach a revenue of Rs 100 crore by the end of the current financial year,” Chandran added.
Commenting on the investment, Pratik Agarwal, principal at Accel, said, “Weddings in India are celebrated with deep cultural significance. With rising aspirations, couples today are seeking memorable experiences but within their budgets…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.”
The startup last raised $4.4 million in 2023 in a funding round led by Peak XV Partners’ Surge scale-up programme and saw participation from Venture Highway.
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