Funding · Commerce & Consumer Brands
Meragi raises ₹28.68 crore in bridge funding round
By Startup Enthusiast ·
- 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
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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