₹25 crore seed led by Nexus Venture Partners, with Titan Capital and Myntra co-founder Raveen Sastry returning and Delhivery COO Ajith Pai as an angel, after a ₹3.4 crore pre-seed in November 2025.
Circle runs a managed second-hand marketplace: AI-led verification and pricing, doorstep pickup and delivery, and protected payments, without owning inventory.
In about a year in Bengaluru it facilitated around ₹25 crore of sales, drew more than 1 million visitors and 100,000 listings, and says nearly 40% of buyers return within 90 days.
That ₹25 crore is the value of goods sold, not revenue. The fee Circle keeps is undisclosed, and handling pickup, checks and delivery for low-value and bulky items is costly.
Expanding beyond Bengaluru means rebuilding pickup, inspection and delivery networks city by city, which is a logistics challenge as much as a software one.
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