Why This Matters
Founded in 2025 by Chirag Kataruka and Ankit Misra, Circle operates a customer-to-customer marketplace that supports pre-owned product transactions through verification, pickup, payments and logistics, without owning inventory. Its categories include smartphones, gaming consoles, cameras, furniture, watches, handbags and sneakers.
What’s the Bigger Picture?
Circle is building trust and convenience into resale through its Trust Hubs, product verification and a three-day Circle Guarantee for buyers. The company says it has facilitated around ₹25 crore in pre-owned sales within a year, attracting over 10 lakh visitors and generating 1 lakh listings in Bengaluru.
It also reports that sellers typically find buyers within three days, nearly 40% of buyers return within 90 days, and half of sellers list products again.
Key Takeaways
Circle raised ₹25 crore to expand its marketplace across India, grow its Trust Hubs and logistics network, and improve AI-powered pricing, discovery and verification. Its early Bengaluru traction—around ₹25 crore in sales, 1 lakh listings and repeat activity among buyers and sellers—will serve as a base for expansion.
