Wedding services startup Meragi has secured $9.1 million in its latest funding round, led by venture capital fund Accel.
Existing investors, including Peak XV Partners and Venture Highway, joined the round. Venture Highway, an early-stage fund acquired by General Catalyst in June, used capital from its original fund to invest in Meragi.
The funds will help Meragi expand into new cities and establish partner venues and experience centers.
“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 said.
“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 provides comprehensive wedding services. These include planning, decoration, photography, and catering, among other offerings.
“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.
Currently, Meragi operates in Bengaluru, Hyderabad, and Goa. This year, it plans to expand to Gurgaon and Jaipur.
“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.
Pratik Agarwal, principal at Accel, commented on the investment, saying, “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.”
In 2023, the startup raised $4.4 million in a round led by Peak XV Partners’ Surge scale-up programme, with participation from Venture Highway.
