Circle combines AI-powered verification and logistics to make buying and selling pre-owned goods as easy and trustworthy as buying new.
Circle, a managed customer-to-customer (C2C) marketplace for pre-owned goods, has raised ₹25 crore in seed funding, led by Nexus Venture Partners, with participation from existing investors Titan Capital and Raveen Sastry, co-founder of Myntra. Ajith Pai, COO of Delhivery, has also joined the round as an angel.In just a year since launch, Circle has facilitated about ₹25 crore in pre-owned sales, attracting over 1 million visitors and generating 100,000 listings from Bengaluru alone. On Circle, sellers typically find a buyer within three days, while listings on classifieds can take weeks or even months to sell. Circle is bringing much-needed liquidity and trust to a market that has long lacked both.
India’s pre-owned market isn’t short of buyers or sellers. It’s short of trust.
Millions of Indians already trade through classifieds, neighbourhood groups and informal networks. But unreliable product information, limited verification, logistical hassles and payment risks make transactions difficult. Existing solutions often depend on manual processes that are labour-intensive, difficult to scale and prone to inconsistencies. |
Circle combines AI-native technology, human verification and managed fulfilment to run trusted C2C commerce at a lower cost. By reducing manual effort for users, it makes every transaction convenient. And unlike existing resellers, it doesn’t own inventory, so more of the value stays with buyers and sellers.
On Circle, great deals aren’t limited to sale days. Buyers get incredible value simply by choosing pre-owned, from iPhones, PlayStations and cameras to premium office chairs, designer furniture, watches, handbags and sneakers. Every purchase is backed by product verification and the 3-Day Circle Guarantee.
For sellers, Circle makes it easy to turn things they no longer use into money, handling everything from listing to pickup and payout.
“Nearly 40% of our buyers come back within 90 days, and half our sellers list again. That tells us buying and selling pre-owned can become a regular part of people’s lives. India has an incredible amount of value sitting in its homes. We’re building Circle to make it ridiculously easy to unlock that value, and to make pre-owned a natural first choice for millions of Indians,” said Ankit Misra, Co-founder, Circle.
“India’s pre-owned market is large, but selling used goods remains difficult due to costs, trust & scale. Circle has understood this problem deeply and is executing exceptionally well to solve it. We believe they have the potential to fundamentally reshape how India buys and sells pre-owned goods,” said Suvir Sujan, Partner, Nexus Venture Partners.
The new funding will accelerate Circle’s expansion beyond Bengaluru. Circle will invest further in AI-powered pricing, discovery and verification to simplify listing, improve the customer experience and scale efficiently, alongside expanding its Trust Hubs and logistics network.
“Too many Indians have experienced the uncertainty of buying or selling pre-owned goods. At Circle, we’re taking ownership of trust, so buyers and sellers have someone they can count on. That’s why we built dedicated Trust Hubs for verification and fulfilment. Our ambition is to help 100 million Indians buy and sell with confidence on Circle,” said Chirag Kataruka, Co-founder, Circle.
Circle was founded in 2025 by Chirag Kataruka and Ankit Misra, friends for 18 years who have built a startup together before. United by the belief that buying and selling pre-owned in India deserved a complete rethink, they set out to replace uncertainty and hassle with trust and convenience. Both bring experience across consumer marketplaces and technology. Chirag held leadership roles at Mu Sigma and Swvl, where he worked through Swvl’s 2022 Nasdaq listing, while Ankit was a product leader at Jupiter Money and previously founded Chase. At Circle, Ankit drives product, growth and business, while Chirag leads operations, customer experience and strategy.
Circle is a Bengaluru-based managed C2C marketplace making pre-owned commerce simple, trustworthy and accessible. Its AI-native platform combines verification, secure payments and logistics so buyers and sellers can transact across categories without Circle owning any inventory.
For more information, visit https://www.justcircleit.com/
Download the app at: https://justcircleit.com/download-app
On Circle, great deals aren’t limited to sale days. Buyers get incredible value simply by choosing pre-owned, from iPhones, PlayStations and cameras to premium office chairs, designer furniture, watches, handbags and sneakers. Every purchase is backed by product verification and the 3-Day Circle Guarantee.
For sellers, Circle makes it easy to turn things they no longer use into money, handling everything from listing to pickup and payout.
“Nearly 40% of our buyers come back within 90 days, and half our sellers list again. That tells us buying and selling pre-owned can become a regular part of people’s lives. India has an incredible amount of value sitting in its homes. We’re building Circle to make it ridiculously easy to unlock that value, and to make pre-owned a natural first choice for millions of Indians,” said Ankit Misra, Co-founder, Circle.
“India’s pre-owned market is large, but selling used goods remains difficult due to costs, trust & scale. Circle has understood this problem deeply and is executing exceptionally well to solve it. We believe they have the potential to fundamentally reshape how India buys and sells pre-owned goods,” said Suvir Sujan, Partner, Nexus Venture Partners.
The new funding will accelerate Circle’s expansion beyond Bengaluru. Circle will invest further in AI-powered pricing, discovery and verification to simplify listing, improve the customer experience and scale efficiently, alongside expanding its Trust Hubs and logistics network.
“Too many Indians have experienced the uncertainty of buying or selling pre-owned goods. At Circle, we’re taking ownership of trust, so buyers and sellers have someone they can count on. That’s why we built dedicated Trust Hubs for verification and fulfilment. Our ambition is to help 100 million Indians buy and sell with confidence on Circle,” said Chirag Kataruka, Co-founder, Circle.
Circle was founded in 2025 by Chirag Kataruka and Ankit Misra, friends for 18 years who have built a startup together before. United by the belief that buying and selling pre-owned in India deserved a complete rethink, they set out to replace uncertainty and hassle with trust and convenience. Both bring experience across consumer marketplaces and technology. Chirag held leadership roles at Mu Sigma and Swvl, where he worked through Swvl’s 2022 Nasdaq listing, while Ankit was a product leader at Jupiter Money and previously founded Chase. At Circle, Ankit drives product, growth and business, while Chirag leads operations, customer experience and strategy.
About Circle
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For more information, visit https://www.justcircleit.com/
Download the app at: https://justcircleit.com/download-app
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