Circle, a Bengaluru-based managed marketplace for pre-owned goods, said on October 14 that it had raised 250 million rupees (US$2.63 million) in seed funding led by Nexus Venture Partners. The company will use the funds to expand beyond Bengaluru and invest in AI-powered verification, Trust Hubs, and logistics.

Existing investors Titan Capital and Myntra co-founder Raveen Sastry participated, while Delhivery COO Ajith Pai joined as an angel investor.

Circle said it had facilitated about 250 million rupees (US$2.63 million) in sales since its 2025 launch. The company also said it had attracted more than 1 million visitors and generated 100,000 listings in Bengaluru.

A 2025 ResearchAndMarkets.com report estimated India’s recommerce market at US$5.91 billion, with growth projected through 2029.

India’s consumer-protection rules for ecommerce emphasize marketplace traceability. The Goods and Services Tax Council also publishes clarifications for ecommerce businesses.

🔗 Source: Circle