The startup Meragi, which provides wedding services, has raised $9.1 million in a new funding round headed by Accel and including Peak XV Partners and Venture Highway as existing investors.
Meragi was a member of Peak XV’s Surge accelerator program’s eighth cohort.According to a press release from Meragi, the money will be used to open partner venues and experience centres, grow into new cities, and venture into more recent product categories like catering and venues Meragi’s next round was covered exclusively by Entrackr in June.
Meragi, which was co-founded in 2021 by Mukund Mohan Raj, Abhinav Chandran, and Lakshminarayan B, offers contemporary wedding-related services like décor, makeup, hairstyling, invitations, venue, entertainment, and photography and videography. Users of the platform can find, create, and buy these goods and services for a range of lifestyle occasions.
It also provides destination wedding packages in Bengaluru, Mysuru, Chikkamagaluru, Goa, and Coorg.
According to the Bengaluru-based company, it delivered 3,000 events last year, recorded gross merchandise value (GMV) of Rs 48 crore, and plans to double this amount by the end of FY25. This year, it plans to expand to Jaipur and Gurugram, with a typical customer base of 25 to 35 years old.
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