Mila Celebrations raises $227,000 pre-Seed
- Mila Celebrations, a Saudi Arabia-based event planning platform, has successfully raised $227,000 in a pre-Seed funding round from angel investors.
- Founded in early 2024 by Muhammad Ghourbal, the platform has organized over 1,000 events, including weddings and birthdays, tapping into Saudi Arabia’s lucrative event market, valued at over SAR50 billion annually.
- The investment will be utilized to enhance Mila’s app, expand service offerings, and increase its presence in corporate events, with plans to grow into the broader Gulf Cooperation Council (GCC) market.
- The company aims to meet the rising demand for high-quality event services in Saudi Arabia, where extravagant family celebrations are culturally significant.
- This funding comes at a time of economic diversification and growth in the event industry, aligned with Saudi Arabia’s Vision 2030 initiatives.
Mila Celebrations raises $227,000 pre-Seed
- Saudi Arabia-based event planning platform Mila Celebrations has raised $227,000 in a pre-Seed round from angel investors.
- Founded in early 2024 by Muhammad Ghourbal, Mila Celebrations offers a one-stop solution for organising events and celebrations.
- Mila plans to use the investment to expand into the broader GCC market.
Press Release:
Mila Celebrations, a tech-driven event planning platform founded in early 2024, has raised SAR850,000 ($227,000) in a pre-Seed round from angel investors. The company has already organised over 1,000 events, including weddings, birthdays, and graduations, positioning itself to tap into Saudi Arabia’s thriving event market, which exceeds SAR50 billion annually.
In Saudi Arabia, family celebrations are a significant cultural aspect, with extravagant spending on weddings, birthdays, and other milestone events. Users spend an average of over SAR3,000 on birthday celebrations through Mila, with wedding costs frequently surpassing SAR200,000, reflecting the country’s tradition of investing heavily in family events.
Mila’s platform offers a seamless solution for organising events, providing everything from decor to catering, photography, and entertainment, making it a key player in the shift towards digital and convenient event planning. Founder Muhammad Ghourbal highlighted the growing demand in the region: “The event industry in Saudi Arabia is evolving, and we aim to provide a premium service that makes celebrating special moments easier and more enjoyable.”
With Saudi Arabia ranked among the top countries in wedding expenditures per capita, Mila is well-positioned to meet the increasing demand for high-quality event services. The newly raised capital will be used to enhance Mila’s app, expand its service offerings, and target more events, including corporate functions.
As the Saudi government continues its push toward economic diversification and domestic tourism under Vision 2030, the event and celebration industry is set for further growth. Mila plans to capitalise on this opportunity, with ambitions to expand beyond Saudi Arabia and into the broader Gulf Cooperation Council (GCC) market.
Here’s the information extracted from the provided content about Mila Celebrations:
Startup Information
- Startup Name: Mila Celebrations
- Founded By: Muhammad Ghourbal
- Founded Year: 2024
- Location: Saudi Arabia
- Industry: Event Planning Platform
Fundraise Information
- Fundraise Amount: $227,000 (SAR 850,000)
- Funding Round: Pre-Seed
- Investors: Angel Investors
Additional Details
- Purpose of Funds:
- To enhance Mila’s app
- To expand service offerings
- To target more events, including corporate functions
- To expand into the broader Gulf Cooperation Council (GCC) market
Overview
Mila Celebrations is an event planning platform that organizes various events such as weddings, birthdays, and graduations. It has already organized over 1,000 events and aims to tap into the significant event market in Saudi Arabia, which is valued at over SAR 50 billion annually.
Cultural Context
In Saudi Arabia, event celebrations are culturally significant, with heavy spending on milestones like weddings and birthdays. Users typically spend an average of SAR 3,000 on birthday celebrations through Mila, and wedding expenses can exceed SAR 200,000.
Strategic Context
Mila is positioned to leverage the growing demand for digital solutions in event planning as Saudi Arabia continues to diversify its economy and promote tourism under Vision 2030.
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