Meragi is an online platform to design, discover, and purchase all wedding-related products. The  startup has recently raised $8 million in a funding round led by Accel. A person close to the deal told  Entrackr that the round will have the participation from its existing investors and it is in the final stage  as all paperwork has been completed. 

This startup was part of the 8 cohort of Peak XV’s accelerator program which also includes AltWorld,  Arintra, Biforst, Calyx Global, Metastable Materials, Diri Care, RedBrick AI, and Vaaree. founded by Lakshminarayan Balasubramaniam, Mukund Raj, and Abhinav Chandran, this company provides a  platform that offers wedding-related services such as makeup, invitations, venue, catering,  photography, hairstyling, and clothing. The online platform allows users to design and purchase  services and products for various events. Meragi will use these fresh proceeds to strengthen its brand  presence and enhance its platform. 

The startup’s platform also provides wedding packages in Goa, Mysuru, Bengaluru, Coorg, and  Chikkamagaluru. Meragi is predicted to have raised more than $4.5 million to date. The funding rounds  had participation from angel investors including Surge, Livespace’s co-founder Ramakant Sharma, and  Venture Highway. The startup data intelligence platform, The Kredible reported that after these  rounds, surge became the largest stakeholder of the company with a 25% stake. The company’s 20%  stake is under Venture Highway and 14.25% is controlled by the three co-founders Abhinav Vinay  Chandran, Mukund Mohan Raj, and Lakshminarayan Balasubramaniam. 

The startup competes with other wedding-based startups including Wedmegood, ShaadiSaga,  Wedding Brigade, and Shaadilogy, among others. This startup provides an online platform that offers  top-class dresses and wedding services for men and women. The company claims to provide the best  quality and affordable services which can be accessed via a website or a mobile app. The online  platform offers professional wedding planning services to its customers. This is Bangalore’s biggest  wedding services provider.  

Conclusion: 

Meragi, an online wedding planning service provider startup has raised $8 million in funding. The  round had the participation of existing and new investors and was led by Accel. The round is expected  to have the participation from its existing investors and it is in the final stage as all paperwork has been  completed. The startup aims to provide a platform that offers wedding-related services such as  makeup, invitations, venue, catering, photography, hairstyling, and clothing. The online platform  allows users to design and purchase services and products for various events. Meragi is predicted to  have raised more than $4.5 million to date.

The funding rounds had participation from angel investors  including Surge, Livespace’s co-founder Ramakant Sharma, and Venture Highway. After these rounds,  surge became the largest stakeholder in the company with a 25% stake. Thisstartup provides an online platform that offers top-class dresses and wedding services for men and women. The online platform  also provides wedding packages in Goa, Mysuru, Bengaluru, Coorg, and Chikkamagaluru. These fresh  proceeds will be used to enhance its platform.