Deals · Updated 14 Oct, 11:50 am IST
Circle raises ₹25 Cr seed to expand its pre‑owned marketplace
Why it matters for readers: Explains that the startup uses AI and human checks to make buying and selling used items safer and easier.
- Circle raised ₹25 Cr in a seed funding round led by Nexus Venture Partners with participation from Titan Capital and Raveen Sastry, and angel investment from Delhivery COO Ajith Pai.1
- The startup plans to use the capital to expand beyond Bengaluru and to strengthen its AI‑powered pricing, product discovery, and verification tools.1
- Circle operates a managed marketplace that handles verification, payments and logistics for pre‑owned goods transactions without owning inventory.1
- In its first year in Bengaluru, the company says it facilitated around ₹25 Cr in sales, attracted over 1 million visitors and generated 100,000 listings.1
- The startup also plans to expand its logistics network and Trust Hubs that handle product verification and fulfillment.1
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