Bengaluru — Circle, a Bengaluru-based full-stack platform for buying and selling pre-owned products, has raised INR 3.4 cr in a pre-seed round 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, Circle is a customer-to-customer (C2C) marketplace designed to make buying and selling pre-owned goods safer and more convenient. The platform enables AI-verified listings, managed doorstep logistics, and secure payment flows that remove the uncertainty and risks typically associated with C2C transactions.
India’s pre-owned market, a part of the growing circular economy, is estimated at around ₹1.6 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.
Circle 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.
“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.
On Circle, buyers receive verified products with doorstep delivery and complete payment protection. Sellers can list in seconds, get transparent pricing, and receive instant payouts once their item is picked up and verified. This end-to-end layer reduces coordination hassles, eliminates common scams, and ensures both sides transact with confidence.
Since its soft launch in August 2025, Circle has onboarded 17,000+ users in Bengaluru, with strong early traction in categories like electronics, furniture, appliances, and home goods where users consistently cite better shopping experience, stronger value for money, and hassle-free delivery as key differentiators from traditional classifieds and informal marketplaces.
The newly raised capital 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 12 months, Circle plans to stay focused on these two core segments, establish Circle as Bengaluru’s default choice for buying and selling pre-owned goods, and expand to additional cities by the end of 2026.
“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.
Circle’s broader mission is to enable 100 million Indians to participate in circular commerce by unlocking household income, improving affordability, reducing waste, and making resale a trusted mainstream behavior.
Circle is currently operational in Bengaluru and will expand to other major Indian cities soon. Learn more at www.circlestore.in
