Wedding services startup Meragi mops up $9.1 million in round led by Accel
Wedding services startup Meragi has raised $9.1 million in a funding round led by venture capital fund Accel.
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The round also saw participation from existing investors like Peak XV Partners and Venture Highway. Venture Highway, an early-stage fund acquired by Silicon Valley-based venture capital firm General Catalyst in June of this year, invested in the company using capital from its original fund.
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Offering CollegeCourseWebsiteIndian School of BusinessProfessional Certificate in Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitThe 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
