- Mila Celebrations, founded in early 2024 by Muhammad Ghourbal, has secured $227,000 in a pre-Seed funding round to expand its event planning services.
- The platform has successfully organized over 1,000 events, including weddings and birthdays, tapping into Saudi Arabia’s event market valued at over SAR50 billion annually.
- Users typically spend an average of SAR3,000 on birthday celebrations, while wedding costs often exceed SAR200,000, reflecting the cultural importance of family events in Saudi Arabia.
- With ambitions to expand into the GCC market, Mila aims to enhance its app and service offerings, capitalizing on the growth opportunities presented by Saudi Arabia’s Vision 2030 initiative.
Saudi Arabia-based event planning platform, Mila Celebrations, recently secured $227,000 in a pre-Seed funding round from angel investors. The company, founded in early 2024 by entrepreneur Muhammad Ghourbal, offers a comprehensive, tech-driven solution for organizing events and celebrations. With this fresh capital, Mila plans to broaden its presence in the Gulf Cooperation Council (GCC) market and further expand its service offerings.
A One-Stop Event Planning Solution
Mila Celebrations has quickly positioned itself as a leading platform for organizing various types of events, including weddings, birthdays, and graduations. By providing a one-stop solution, the company offers a seamless and convenient event planning experience. Users can arrange everything from decor to catering, photography, and entertainment, all through a single platform. This holistic approach to event planning simplifies the process, allowing customers to enjoy stress-free preparations for their special occasions.
In a short span, Mila Celebrations has successfully organized over 1,000 events, showcasing the growing demand for digital solutions in Saudi Arabia’s event industry. The platform’s innovative approach is changing how people celebrate milestone moments, providing a modern alternative to traditional event planning methods.
Meeting the Needs of a Thriving Market
The event industry in Saudi Arabia is a major sector, with family celebrations holding cultural significance. From extravagant weddings to lavish birthday parties, the country’s event market exceeds SAR50 billion annually.
Saudi families are known for investing heavily in celebrations, with wedding expenses often surpassing SAR200,000. Mila’s platform is well-positioned to cater to this demand by offering premium services that meet the expectations of a market accustomed to high-quality celebrations.
On average, users spend more than SAR3,000 on birthday celebrations through Mila, which reflects the importance of family events in Saudi culture. The platform’s ability to meet the needs of such a high-demand market has been a key driver of its early success.
Capitalizing on Vision 2030 and Future Expansion Plans
Mila Celebrations is set to capitalize on Saudi Arabia’s Vision 2030, a government initiative aimed at economic diversification and promoting domestic tourism. As the country shifts towards hosting more local events and celebrations, Mila stands to benefit from the growing market.
Founder Muhammad Ghourbal emphasized the evolving nature of the event industry in Saudi Arabia, noting the company’s goal of making celebrations more enjoyable and convenient for customers.
With its recent funding, Mila plans to enhance its app, introduce more services, and extend its reach to corporate functions in addition to family events. The company is also looking to expand beyond Saudi Arabia and into the broader GCC market, which offers significant growth opportunities.
Looking ahead, Mila Celebrations is on a path of rapid growth, supported by a booming market and a strong demand for digital event planning solutions. By providing a comprehensive, user-friendly platform, Mila is transforming how people plan and enjoy their celebrations, positioning itself as a key player in the region’s event industry.
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Last Updated on September 27, 2024 by Safiya K
