About Circle Internet
Circle Internet is a company based in Bengaluru (India) founded in 2018 by Gaurav Agrawal, Uchit Kumar, and Shashank Shekhar was acquired by ShareChat in August 2020. Circle Internet has raised $4.77 million across 2 funding rounds from investors including ShareChat, Venture Highway VC and Rahul Mehta. The company has 6 employees as of April 04, 2024. Circle Internet operates in a competitive market with competitors including Way2News, Knocksense, PublicVibe, Hoopy Services and Public Next, among others.
- Headquarter Bengaluru, India
- Employees 6 as on 04 Apr, 2024
- Founders Gaurav Agrawal, Uchit Kumar, Shashank Shekhar
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Circle Internet Tech Private Limited
- Date of Incorporation 03 Jul, 2018
- Jurisdiction Koramangala Industrial Layout, Karnataka, India
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Annual Revenue
$425.02 (USD)-99.98as on Mar 31, 2023
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Net Profit
-$214.18 K (USD)-3143.46as on Mar 31, 2023
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EBITDA
-$208.45 K (USD)-385.83as on Mar 31, 2023
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Total Equity Funding
$4.77 M (USD)
in 2 rounds
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Latest Funding Round
$4.27 M (USD), Series A
Mar 06, 2019
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Investors
ShareChat
& 4 more
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Employee Count
6
as on Apr 04, 2024
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Acquired by
ShareChat
(Aug 24, 2020)
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Funding Insights of Circle Internet
Circle Internet has successfully raised a total of $4.77M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.27 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Circle Internet
Circle Internet has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include ShareChat, Venture Highway VC and Rahul Mehta.
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Early-stage investments are made in fintech, retail, and healthtech sectors.
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Elevation Capital is focused on early-stage tech investments in India.
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Multiple sectors in India are invested in by SAIF Partners.
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Investor details for Circle Internet
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Investments & Acquisitions by Circle Internet
Investment portfolio details for Circle Internet
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Financial Statements - Circle Internet
Detailed financials for Circle Internet
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Circle Internet Comparisons
Peer comparison for Circle Internet
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Competitors of Circle Internet
Circle Internet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Way2News, Knocksense, PublicVibe, Hoopy Services and Public Next, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Hyperlocal short news app is provided in multiple languages.
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Provider of multi category news portal
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An app-based platform is operated for multi-category news delivery.
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Online platform for news articles on sports, entertainment, and current events worldwide.
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Kannada-language online news and information are provided across categories.
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Detailed competitors of Circle Internet
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Latest news on Circle Internet
Complete news archive for Circle Internet
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Frequently Asked Questions about Circle Internet
Circle Internet was founded in 2018.
Circle Internet is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shashank Shekhar is the current CEO of Circle Internet. They have also founded this company.
Circle Internet is a funded company, having raised a total of $4.77M across 2 funding rounds to date.
As of Apr 04, 2024, the latest employee count at Circle Internet is 6.
Annual revenue of Circle Internet is $425.02 as on Mar 31, 2023.
Circle Internet was founded in 2018 in Bengaluru, India, and functions as a digital news platform centered on Uttar Pradesh. Event footage and videos are delivered through its website, with sharing capabilities integrated via WhatsApp. A mobile application is maintained to facilitate user engagement and content access across the region. Operations emphasize local reporting without broader national coverage.
Circle Internet's top competitors include Way2News, Hoopy Services and Knocksense.
Circle Internet has 5 investors. Key investors include ShareChat, Venture Highway VC, Rahul Mehta, Elevation Capital, and Elevation Capital.
The valuation of Circle Internet is $21.47M as of Mar 2019.