Meragi Pockets $9.1 Mn From Accel To Expand Service Offerings

SUMMARY

Meragi has secured $9.1 Mn (around INR 76.2 Cr) as a part of its Series A funding round led by Accel, and from existing investors Peak XV Partners, Venture Highway and Shaadi.com’s founder Anupam Mittal

The company plans to deploy the fresh proceeds to offer innovative tech product offerings to its customers, launch partner venues and experience centres and expansion

The company has been a part of Peak XV Partners’ accelerator and incubation programme Surge featuring 12 early stage startups from India and Southeast Asia

Wedding services startup Meragi has secured $9.1 Mn (around INR 76.2 Cr) as a part of its Series A funding round led by Accel, along with participation from existing investors like Peak XV Partners, Venture Highway and Shaadi.com’s founder Anupam Mittal.

The company plans to deploy the fresh proceeds to offer innovative tech product offerings to its customers, launch partner venues and experience centres and expansion.

“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 Meragi’s cofounder and chief executive Abhinav Chandran.

Founded in 2021 by Chandran, Lakshminarayan Balasubramaniam and Mukund Mohan Raj, Meragi is an online platform that offers wedding-related services such as wedding decor, photography, makeup, catering and entertainment, among others.

The company has been a part of Peak XV Partners’ (formerly known as Sequoia Capital) accelerator and incubation programme Surge featuring 12 early stage startups from India and Southeast Asia. Meragi was one of the seven startups based out of India. So far, Surge startups have collectively raised over $2 Bn in follow-on funding from Surge and co-investor.