Circle Secures Rs 3.4 Crore for AI Development

Circle has successfully secured Rs 3.4 crore in a pre-seed funding round spearheaded by Titan Capital. Notable participation came from Raveen Sastry, who is the co-founder of Myntra. The funding will be allocated to enhance Circle’s AI capabilities, focusing on features such as guided pricing, automated condition grading, and catalog matching.

Expansion Plans and Future Goals

The company aims to concentrate on electronics and household categories while expanding its footprint in Bengaluru and venturing into new cities by 2026. Established in 2025 by Ankit Misra and Chirag Kataruka, Circle operates a full-stack model that leverages AI to verify product listings, facilitates doorstep logistics, and manages secure payments.

Addressing Common Transaction Issues

The primary objective is to eliminate uncertainty, scams, and coordination challenges that tend to arise in consumer-to-consumer (C2C) transactions. Sellers can swiftly list their items, access pricing support, and receive payments once the product has been picked up and verified.

User Growth Since Launch

Since its soft launch in August 2025, Circle has successfully onboarded over 17,000 users in Bengaluru. The platform is experiencing robust demand in various sectors, including electronics, furniture, appliances, and home goods.

The Market Landscape

According to market research, India’s pre-owned goods market is currently valued at Rs 1.6 lakh crore; however, the overall experience remains fragmented due to issues such as fake listings, incomplete product information, and insufficient buyer and seller protection. More than 70 million Indians engage in transactions involving used goods every month, yet the overall experience does not match that of leading e-commerce platforms.