Circle Raises Rs. 3.4 Crore Pre-Seed Funding to Build Trust in India’s C2C Commerce Market

Circle, a Bengaluru-based full-stack platform for buying and selling pre-owned products, has raised Rs. 3.4 crore in a pre-seed funding round led by Titan Capital. Raveen Sastry, Co-founder of Myntra, also participated in the round.

Founded in 2025 by Ankit Misra and Chirag Kataruka, Circle is designed to make customer-to-customer transactions safer and more convenient. The platform offers AI-verified listings, managed doorstep logistics, and secure payment flows to reduce uncertainty and risk in the resale process.

India’s pre-owned goods market, valued at approximately Rs. 1.6 lakh crore, forms a significant part of the country’s circular economy. Despite more than 70 million Indians engaging in used-goods transactions each month, challenges such as fake listings, limited product information, scams, and fragmented user experiences remain widespread. Circle aims to address these issues by combining AI-led verification with a full-stack operational model that prioritises trust, quality checks, and accountability.

According to Titan Capital, Indian households are purchasing and replacing products faster than before, yet the resale experience continues to fall behind primary e-commerce. Circle’s approach seeks to close this gap by offering a transparent and managed system for both buyers and sellers.

On Circle, buyers receive verified products with doorstep delivery and full payment protection. Sellers can list items quickly, receive transparent pricing, and access instant payouts after pickup and verification. This structured process reduces coordination challenges and helps prevent common scams associated with informal resale channels.

“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.

Since its soft launch in August 2025, Circle has onboarded more than 17,000 users in Bengaluru. Early traction has been strong in categories such as electronics, furniture, appliances, and home goods, with users noting ease of delivery, value for money, and improved overall experience when compared with traditional classifieds.

The funds raised will be used to strengthen Circle’s AI verification systems, including guided pricing, automated condition grading, and catalogue matching. The company will continue expanding its depth in electronics and household goods, which form its two primary focus areas for the next year.