Meragi to raise $8 million in a funding round led by Accel

Merapi is an online platform for designing, discovering, and purchasing wedding-related products. The startup recently raised $8 million in a funding round led by Accel. A person close to the deal told Entrackr that the round would include participation from existing investors and would be in the final stage, as all paperwork had been completed. Here, we are talking about Meragi to raise $8 million in a funding round led by Accel.

Here, we are talking about Meragi to raise $8 million in a funding round led by Accel:

This startup was part of the 8 cohort of Peak XV’s accelerator program, including 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 involved angel investors, including Surge, Livespace’s co-founder Ramakant Sharma, and  Venture Highway. The startup data intelligence platform, The Kredible, reported that Surge became the company’s largest stakeholder with a 25% stake after these rounds. The company’s 20% stake is under Venture Highway, and 14.25% is controlled by the 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. 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 most 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 of 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 involved 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. This startup provides an online platform that offers top-class dresses and wedding services for men and women. The platform includes Goa, Mysuru, Bengaluru, Coorg, and Chikkamagaluru wedding packages. These fresh proceeds will be used to enhance its platform.