CirclePe, a rising fintech startup, has successfully secured close to $1 million in its pre-seed funding round. This round was led by OTP Ventures, a venture capital firm steered by Suhail Sameer, the former CEO of BharatPe. Other notable participants included 1947 Rise, iSeed, IIT Delhi, Venture Catalyst, and prominent founders and CXOs from companies like OfBusiness, BharatPe, Uni Cards, and OYO.
Introducing “Smart Renting”: A Zero-Deposit Solution
CirclePe, spearheaded by Navan Jaiswal and Ankur Yadav, is introducing a revolutionary concept called “Smart Renting.” This solution caters to credit-worthy tenants, allowing them to move into a new rental property without the burden of a hefty security deposit. Instead, tenants can simply focus on paying their monthly rent, eliminating the need for upfront additional charges.
Simplifying Rentals Through Strategic Partnerships
CirclePe is forging strategic partnerships with major proptech (property technology) companies. This collaboration allows them to extend the “Smart Renting” feature to independent landlords and co-living operators within the retail space. Ultimately, CirclePe aims to deliver a streamlined and hassle-free rental experience for all parties involved.
Disrupting the Rental Value Chain
By eliminating the requirement for substantial security deposits from tenants, CirclePe disrupts the traditional rental value chain. This approach not only alleviates the financial burden on tenants but also unlocks capital for landlords and co-living operators. This win-win situation for all stakeholders holds immense potential for transforming the rental landscape.
More Stories
SuperK Secures $6 Million in Series A Funding to Bolster Small-Town Retail Presence
March 27, 2024
Startups
Mumbai Gears Up for Grand Ambani Wedding: Festivities Kick Off with Mass Wedding Ceremony
July 3, 2024
Entertainment
Beshak Insurance Set to Secure First Institutional Funding for AI-Powered Matching
April 23, 2024
Technology
WinZO Experiences Revenue Surge But Net Loss Widens in FY23
April 30, 2024
Startups
RailYatri Reports Strong Financial Performance in FY23, Revenue Nears Rs 300 Crore Mark
March 1, 2024
Funding
Yatra Online Makes Power Play in Adventure Tourism with Acquisition of ANN
June 21, 2024
Business
Flutrr: Bridging the Language Gap in India’s Online Dating Scene
July 4, 2024
Funding
RPSG Capital Ventures Closes Fund II at Rs 550 Crore, Targeting New-Age Consumer Brands
May 31, 2024
Funding
Innoviti Payments and Concerto Software Secure Coveted RBI Payment Aggregator Licenses
March 27, 2024
Startups
Gruner Renewable Energy to Build Asia’s Largest Biogas Plant in Gujarat
June 18, 2024
Business
Rajkummar Rao’s “Srikanth” Continues Box Office Success and Earns Celebrity Praise
May 22, 2024
Entertainment
Funding Boost for Data Collaboration Platform Atlan
March 20, 2024
Funding
Gagan Narang Named Chef-de-Mission for Paris 2024 Olympics
July 9, 2024
India Abroad
RapidCanvas Secures $7.5 Million Seed Funding to Democratize AI Development
March 14, 2024
Funding
Third Wave Coffee Roasters’ Losses Surge Despite Revenue Growth
April 30, 2024
Startups
Bluelearn Shuts Down Operations Amidst Challenges
July 22, 2024
Business
Logistiex Secures $250,000 in Bridge Round Funding to Bolster E-commerce Platform
May 31, 2024
Funding
Boon Secures Substantial Investment for Water Purification Innovation
July 18, 2024
Funding
LXME Secures $1.2 Million Seed Funding to Empower Women Financially
June 26, 2024
Funding
Pine Labs Gears Up for Potential Billion-Dollar IPO in India
June 24, 2024
Business