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Funding · Commerce & Consumer Brands

Meragi raises ₹28.68 crore in bridge funding round

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Meragi logo
Date
Company
Meragi
What it does
Full-stack wedding planning and services
Kind
Funding
Amount
₹28.68 Cr
Stage
bridge
Based in
Bengaluru
Founded
2021
Sector
Commerce & Consumer Brands

What they do

Meragi provides end-to-end wedding services including venue selection, decor, photography, catering, and logistics management

What happened

The company is raising ₹28.68 crore in a bridge round led by existing investor Accel India

Why it matters

This funding maintains the company's valuation at approximately ₹305 crore, consistent with its previous round in 2024

The details

  • Wedding services startup Meragi is raising ₹28.68 crore in a fresh funding round.
  • The company will issue 3,330 CCPS (compulsorily convertible preference shares) and 10 equity shares.
  • Accel India is leading the round with an investment of ₹14.34 crore.
  • New investor DG Daiwa Ventures is contributing ₹9.56 crore to the round.
  • Existing investor Peak XV Partners is investing ₹5.56 crore.
  • The transaction values the company at approximately ₹305 crore post-money.

The bigger picture

  • The funding is described as a bridge round (short-term financing used to maintain operations until a larger round).
  • The company has not raised external capital in the past two years.
  • The valuation remains flat compared to the company's previous funding round in July 2024.

About the business

  • Meragi operates as a full-stack wedding planning platform that manages end-to-end event execution.
  • Services include venue discovery, decor design, photography, videography, catering, and logistics.
  • The company differentiates itself by offering managed venues where it takes full operational responsibility.
  • It provides a plug-and-play system for timelines, hospitality, and vendor coordination to ensure predictable outcomes.
  • The platform serves customers across multiple Indian cities including Bengaluru, Hyderabad, Goa, Jaipur, and Udaipur.
  • It claims to have planned over 2,500 weddings with a library of over 10,000 design options.

The deal

Type
funding

Founders

  • Mukund Mohan Raj, Co-founder
  • Abhinav Chandran, Co-founder & CEO
  • Lakshminarayan B, Co-founder

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