Circle raises Rs 3.4 Cr in pre-seed round led by Titan Capital

Circle has raised Rs 3.4 crore in a pre-seed round led by Titan Capital. Raveen Sastry, co-founder of Myntra, also participated. 

The proceeds will be used to strengthen Circle’s AI stack, including guided pricing, automated condition grading, and catalog matching. Circle will focus on electronics and household categories, expand its presence in Bengaluru, and enter new cities by 2026.

Founded in 2025 by Ankit Misra and Chirag Kataruka, Circle runs a full-stack model that uses AI to verify product listings, handles doorstep logistics, and manages secure payments. The goal is to remove uncertainty, scams, and coordination issues that commonly occur in C2C transactions.

Sellers can list items quickly, get pricing support, and receive payouts once the product is picked up and verified.

Since its soft launch in August 2025, Circle has onboarded more than 17,000 users in Bengaluru. The platform is seeing strong demand in electronics, furniture, appliances, and home goods.

As per market research, India’s pre-owned goods market is valued at Rs 1.6 lakh crore, but the experience remains fragmented because of fake listings, incomplete product information, and lack of buyer and seller protection. More than 70 million Indians transact used goods every month, yet the overall experience is not at par with primary e-commerce platforms.