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Circle raises Rs 3.4 Cr in pre-seed round led by Titan Capital

EntrackrEntrackr ยท 3h ago
Circle raises Rs 3.4 Cr in pre-seed round led by Titan Capital
Medial

Circle raises Rs 3.4 Cr in pre-seed round led by Titan Capital Circle has raised Rs 3.4 crore in a pre-seed round led by Titan Capital. Raveen Sastry, co-founder of Myntra, also participated. The proceeds will be used to strengthen Circleโ€™s AI stack, including guided pricing, automated condition grading, and catalog matching. Circle will focus on electronics and household categories, expand its presence in Bengaluru, and enter new cities by 2026. Founded in 2025 by Ankit Misra and Chirag Kataruka, Circle runs a full-stack model that uses AI to verify product listings, handles doorstep logistics, and manages secure payments. The goal is to remove uncertainty, scams, and coordination issues that commonly occur in C2C transactions. Sellers can list items quickly, get pricing support, and receive payouts once the product is picked up and verified. Since its soft launch in August 2025, Circle has onboarded more than 17,000 users in Bengaluru. The platform is seeing strong demand in electronics, furniture, appliances, and home goods. As per market research, Indiaโ€™s pre-owned goods market is valued at Rs 1.6 lakh crore, but the experience remains fragmented because of fake listings, incomplete product information, and lack of buyer and seller protection. More than 70 million Indians transact used goods every month, yet the overall experience is not at par with primary e-commerce platforms.

Titan Capital Winners Fund raises target corpus of Rs 200 Cr

EntrackrEntrackr ยท 1y ago
Titan Capital Winners Fund raises target corpus of Rs 200 Cr
Medial

Titan Capital Winners Fund, which is backed by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has raised its target corpus of Rs 200 crore as the duo will anchor this fund as its largest investors. The fund will invest exclusively in follow-on rounds of breakout companies from its seed portfolio. โ€œWith the Titan Capital Winners Fund, we can more significantly support the founders of our portfolio companies in subsequent rounds of capital raises, further strengthening Titan Capitalโ€™s partnership with them,โ€ Bahl and Bansal said in a joint press release. The Titan Capital Winners Fund focuses on tech-enabled businesses led by founders and management teams building category creators. The fundraise was completed in less than six months and the fundโ€™s LPs include prominent family offices, CEOs and founders of leading companies, and key figures from the VC landscape. Titan Capital said that a select number of LPs are expected to be added via the optional greenshoe. In addition to Bahl and Bansal, the Winners Fund is managed by a team including Chetan Rana, who is serving as the chief financial officer (CFO). Titan Capital has backed more than 250 companies since 2011. Some of its seed investment portfolio includes Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs. Through the fund, Bahl and Bansal also made hefty exits from Urban Company, MamaEarth, Ola and Credgenics. For context, they had invested Rs 57 lakh total in Urban Companyโ€™s early funding rounds and recently took complete exit with Rs 111 crore. In Ola, their original investment was to the tune of $60,000 while the SoftBank-backed company reached its peak valuation of $7.3 billion in 2021 when they exited fully. E-commerce SaaS platform Unicommerce, which also comes under the umbrella of Snapdeal owner AceVector, went public. It was one of the profitable startups to get listed on the stock exchange.

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