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CirclePe is a Gurgaon, India-based financial technology platform that enables zero-deposit residential rentals by allowing tenants to move into properties without paying traditional upfront security payments. The company replaces standard security deposits with advance rent payments and corporate guarantees for property damages, streamlining the leasing process for both property owners and young professionals. To monetize its services, the business generates revenue through a standard 7% membership fee that is shared between participating tenants and landlords. The platform, which also provides consumer loans for rent and deposits as it scales toward a projected ₹100 crores in revenue, has raised $1 million in pre-seed equity funding from a syndicate of institutional investors including 1947 Rise, iSeed Ventures, OTP Ventures, and Venture Catalysts. The financial technology enterprise was founded in 2022 by Ankur Yadav and Navan Jaiswal.
CirclePe has raised $1.0M across 1 funding round.
CirclePe has raised $1.0M in total across 1 funding round.
CirclePe has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Pre-Seed in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 29, 2024 | $1M Pre Seed | Suhail Sameer | 1947 Rise, IIT Delhi, ISeed, Venture Catalyst | Announced |
CirclePe has raised $1.0M in total across 1 funding round.
CirclePe's investors include Suhail Sameer, 1947 Rise, IIT Delhi, iSeed, Venture Catalyst.
