Circolife runs a Cooling-as-a-Service platform for Indian businesses, installing high-efficiency air conditioning on a monthly subscription while retaining ownership of the equipment for the length of the contract. Founded in 2023 by Abhishek Murarka, Tushar Patil and Devanshu Mishra, it serves restaurants, hotels, gyms, salons, co-living operators and corporate offices across five cities with roughly 10,000 active subscriptions. Every unit carries embedded sensors tracking temperature, power consumption and gas pressure, feeding a predictive-maintenance system and AI-built digital twins that
Tushar Patil
Co-founder & COO of Circolife, a cooling-as-a-service company based in Thane.
About
Tushar Patil is Co-founder & COO of Circolife, a cooling-as-a-service company based in Thane, founded in 2023. Circolife's most recent disclosed round was a funding round of $4.5M in September 2026.
Company
Journey with Circolife
- 2023Founded
Founded by Abhishek Murarka, a corporate finance and investment banking veteran, Tushar Patil, from global sourcing and supply chain, and Devanshu Mishra, an IIT Roorkee alumnus working in IoT hardware and firmware, to sell cooling as a subscription rather than a capital purchase.
- Sep 2026Funding
Raises $4.5 million in a pre-Series A led by Polycab India joint managing director Bharat Jaisinghani, having reached roughly 10,000 active subscriptions across five cities, and targets 40,000 active units nationally within 24 months.