Fintech startup CirclePe has raised close to $1 million in its pre-seed round led by OTP Ventures, with participation from 1947 Rise, iSeed, IIT Delhi, Venture Catalyst, and founders and CXOs from OfBusiness, BharatPe, Uni Cards, OYO, and others.
Led by Navan Jaiswal and Ankur Yadav, CirclePe’s ‘Smart Renting’ solution allows credit-worthy tenants to opt for a zero security deposit move-in, enjoying the luxury of paying only their monthly rent without any extra charges.
By partnering with major proptechs, CirclePe is allowing smart renting functionality for independent retail landlords and co-living operators through partnerships with leading proptechs, offering a simple and hassle-free rental experience.
Former BharatPe COO Bahl-led Eternal Capital launches INR 120 Crore VC fund
CirclePe, a fintech company founded in 2022 by Navan Jaiswal and Ankur Yadav, is revolutionizing the rental market in India. High CIBIL score tenants are eligible to move in without requiring a deposit. Tenants are still responsible for paying the rent, but they do so via free EMI.
Suhail Sameer, who is the former CEO of BharatPe, is serving venture capital firm OTP Venture as a managing partner. As per a media report, OTP Ventures is also looking to close its debut fund at Rs 400 crore by June.
