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Online Wedding Platform, WedMeGood Raises $2.6M in Series A Funding
The company will use the funds to expand operations in India and enhance its product offerings.
WedMeGood, a leading online wedding platform in India, recently received a Series A funding of $2.6 Mn from Orchid India, a part of a top investment fund which invests mainly in China. The fund was an early investor in unicorns like C-trip and Autohome, and has also invested in the biggest online wedding platform in China called Hunliji.
Manoj Thakur, Managing Partner of Hornbill Capital and the advisor to Orchid India says “We are excited about the Indian wedding industry, and see great synergies and learnings from Orchid’s investment in the market leader in China. We believe WedMeGood has the best content and ideas that will inspire to-be brides and grooms to have their dream wedding. WedMeGood offers an effective platform for wedding service providers to showcase their offerings to the relevant audience. The team of Anand and Mehak bring the right balance of business acumen and creative talent. We are impressed with the excellent platform they have built and are excited to be a partner in their growth journey.”
Talking about the latest funding, Anand Shahani, the co-founder, WedMeGood said, “With the Series A funding, we are looking at expanding our market further, so couples in every nook and corner can have their dream wedding in their budget – because that is the dream we started with when we first established the company. We’re also looking at investing further in the product, user acquisition and diversification of revenue streams.”
Mehak Shahani, Co-Founder, WedMeGood says “So far, we’ve painstakingly built a community of users who trust WMG to discover ideas, find vendors based on genuine user reviews and detailed product portfolios. This has also contributed to the growth of thousands of wedding services brands. Orchid will help us scale the growth a lot faster, so we’re super excited to be working with them.”
Recent estimates have pegged the wedding industry at $40 billion but online segment of the same has a fairly smaller presence. It is this space that WedMeGood wishes to expand and eventually become every couple’s go-to wedding planner which can be accessed with the touch of a button.
The Company was founded in 2014, by husband and wife duo, Mehak and Anand Shahani. In less than half a decade, they have expanded the business and offer their services in all major cities like Bangalore, Delhi, Mumbai etc. along with destination wedding locations like Goa, Jaipur, Udaipur, Thailand etc. WedMeGood is associated with more than 30,000 vendors across the nation and aims to become a one-stop solution for all wedding related requirements through its app available on Android and iOS as well as through its website.
Prior to the current round of funding, the company raised funding of ₹2.7 Cr from Indian Angel Network (IAN) in September 2015.
Manoj Thakur, Managing Partner of Hornbill Capital and the advisor to Orchid India says “We are excited about the Indian wedding industry, and see great synergies and learnings from Orchid’s investment in the market leader in China. We believe WedMeGood has the best content and ideas that will inspire to-be brides and grooms to have their dream wedding. WedMeGood offers an effective platform for wedding service providers to showcase their offerings to the relevant audience. The team of Anand and Mehak bring the right balance of business acumen and creative talent. We are impressed with the excellent platform they have built and are excited to be a partner in their growth journey.”
Talking about the latest funding, Anand Shahani, the co-founder, WedMeGood said, “With the Series A funding, we are looking at expanding our market further, so couples in every nook and corner can have their dream wedding in their budget – because that is the dream we started with when we first established the company. We’re also looking at investing further in the product, user acquisition and diversification of revenue streams.”
Mehak Shahani, Co-Founder, WedMeGood says “So far, we’ve painstakingly built a community of users who trust WMG to discover ideas, find vendors based on genuine user reviews and detailed product portfolios. This has also contributed to the growth of thousands of wedding services brands. Orchid will help us scale the growth a lot faster, so we’re super excited to be working with them.”
Recent estimates have pegged the wedding industry at $40 billion but online segment of the same has a fairly smaller presence. It is this space that WedMeGood wishes to expand and eventually become every couple’s go-to wedding planner which can be accessed with the touch of a button.
The Company was founded in 2014, by husband and wife duo, Mehak and Anand Shahani. In less than half a decade, they have expanded the business and offer their services in all major cities like Bangalore, Delhi, Mumbai etc. along with destination wedding locations like Goa, Jaipur, Udaipur, Thailand etc. WedMeGood is associated with more than 30,000 vendors across the nation and aims to become a one-stop solution for all wedding related requirements through its app available on Android and iOS as well as through its website.
Prior to the current round of funding, the company raised funding of ₹2.7 Cr from Indian Angel Network (IAN) in September 2015.
Source: BW Disrupt
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