Mumbai: Circle, a firm for buying and selling pre-owned products, has raised pre-seed funding led by early-stage VC firm Titan Capital. Raveen Sastry, co-founder of Myntra, also participated in the round.
Founded in 2025 by Ankit Misra and Chirag Kataruka, the company enables AI-verified listings, managed doorstep logistics, and secure payment flows that remove the uncertainty and risks typically associated with customer to customer transactions.
“Indian households today own more products and replace them faster than ever, yet resale remains broken. Circle’s trust-first approach and full-stack model can unlock one of the largest consumer opportunities of this decade,” said a spokesperson for Titan Capital.
India’s pre-owned market, a part of the growing circular economy, is estimated at around Rs1.6 lakh crore today, yet remains plagued by fake listings, poor product information, scams, and fractured user experiences. Even with more than 70 million Indians engaging in used-goods transactions monthly , the overall experience has not kept pace with the convenience and reliability of primary e-commerce.
The firm aims to address these gaps by combining AI-led verification with a full-stack operational layer to bring trust, quality assurance, and accountability to every transaction.
Since its soft launch in August 2025, Circle has onboarded over 17,000 users in Bengaluru, with strong early traction in categories like electronics, furniture, appliances, and home goods.
The newly raised capital of Rs3.4 crore will be used to strengthen Circle’s AI verification stack that includes guided pricing, auto condition grading, and catalog matching, while deepening category depth across electronics and household goods.
Over the next one year, Circle plans to stay focused on these two core segments, and expand to additional cities next year.
“We are building a C2C platform where trust is built into every transaction. Our goal is simple: make buying pre-owned goods feel as safe and seamless as buying new, while unlocking savings for buyers and income for sellers,” said Chirag Kataruka, Co-founder, Circle.
