Meragi set to raise ₹28.68 crore bridge round at flat ₹305 crore valuation

Bengaluru-based wedding-services startup Meragi has approved a ₹28.68 crore fundraise from Accel India, Peak XV Partners and DG Daiwa Ventures, at an estimated ₹305 crore post-money valuation.

— Source publishedMon, 31 Aug, 2026, 15:27 IST·First seen Mon, 31 Aug, 2026, 15:27 IST·Source Entrackr

What happened

Bengaluru wedding-services startup Meragi plans to raise Rs 28.68 crore from Accel India, Peak XV Partners and DG Daiwa Ventures in a bridge round at an

Key facts

  • Rs 28.68 crore fresh funding
  • 3,330 CCPS and 10 equity shares
  • Rs 85,880.21 per share
  • Accel India: Rs 14.34 crore
  • DG Daiwa Ventures: Rs 9.56 crore
  • Peak XV Partners: Rs 5.56 crore
  • Rs 305 crore estimated post-money valuation
  • $9.1 million raised in July 2024
  • Accel India stake: 22.14%
  • Venture Highway stake: 15.92%
  • Surge Ventures stake: 15.85%
  • Peak XV Partners stake: 7.80%
  • DG Daiwa Ventures stake: 3.17%

Why this matters

Meragi’s continued backing from Accel, Peak XV and DG Daiwa reinforces its position as a funded wedding-services platform, making it a potential partnership target for adjacent event, travel, beauty and marketplace businesses.

What to watch

  • Whether the company discloses revenue growth, wedding volumes or improved contribution-margin metrics within the next two to three quarters.
  • Expansion into additional cities versus consolidation in Bengaluru and existing operating markets.
  • Changes in average wedding order value, package pricing, deposits and vendor payment policies.
  • New debt, venture debt or additional insider capital, which could indicate elevated working-capital requirements.
  • Participation by a new external lead investor in the next round rather than only existing backers.
  • Competitive pricing and marketing activity from wedding marketplaces, planners and venue-led service aggregators.
  • Prioritize profitable wedding cohorts, cities and service categories over broad geographic expansion.
  • Tighten vendor contracts, payment terms and quality controls to lower fulfillment leakage and working-capital needs.
  • Increase attachment of higher-margin in-house or curated offerings such as decor, photography, makeup, invitations and venue services.
  • Use existing investor backing to recruit senior operations and category-management talent ahead of the next institutional fundraising process.
  • Prepare a metrics-led raise narrative centered on gross margin, contribution margin, cancellation rates, lead conversion and CAC payback.

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