Circle

Circle is a managed customer-to-customer (C2C) recommerce marketplace for buying and selling verified pre-owned goods without holding inventory.

Seed round of ₹25 Cr · Fit 57 · View startup context

Draft readyGenerated 5d ago

To: Chirag Kataruka
Subject: Circle's seed round and recommerce platform

Hi Chirag, Congratulations on raising your Rs 25 crore seed round led by Nexus Venture Partners, with participation from Titan Capital, Raveen Sastry, and Ajith Pai. You have built a thoughtful managed C2C recommerce marketplace at Circle, utilizing AI-based pricing, auto condition grading, and catalog matching alongside physical Trust Hubs and doorstep pickup to enable verified pre-owned transactions without holding inventory. Your execution in Bengaluru stands out, having facilitated Rs 25 crore in sales within your first year while achieving 40% repeat buyers within 90 days and a 50% repeat seller rate. Our accelerator focuses on backing high-performing Indian seed-stage companies showing credible early validation and led by seasoned operators, making Circle's rapid progress particularly exciting to follow. If you are open to it, I would welcome fifteen minutes for a brief conversation to introduce our program and explore ways we might support your growth. Best, Rohit

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Hi Chirag, congrats on your seed round. We love what Circle is building with your managed C2C platform for verified pre-owned goods with doorstep pickup. Would love to connect and chat briefly if you are open to it. Rohit

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Addressed to Chirag
Mentions Circle
References the recent funding
Built on 5 research signals about the fit
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