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
*********
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Website
*********
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Social
*********
- 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.3M
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First Round
First Round
(08 Aug 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series A - Circle Internet | Valuation | Venture Highway | |
| Aug, 2018 | Amount | Seed - Circle Internet | Valuation | Elevation Capital , SAIF Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments are made in fintech, retail, and healthtech sectors.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Multiple sectors in India are invested in by SAIF Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Circle Internet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Circle Internet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Circle Internet Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hyperlocal short news app is provided in multiple languages.
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| domain | founded_year | HQ Location |
Provider of multi category news portal
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| domain | founded_year | HQ Location |
An app-based platform is operated for multi-category news delivery.
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| domain | founded_year | HQ Location |
Online platform for news articles on sports, entertainment, and current events worldwide.
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| domain | founded_year | HQ Location |
Kannada-language online news and information are provided across categories.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Circle Internet
When was Circle Internet founded?
Circle Internet was founded in 2018.
Where is Circle Internet located?
Circle Internet is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Circle Internet?
Shashank Shekhar is the current CEO of Circle Internet. They have also founded this company.
Is Circle Internet a funded company?
Circle Internet is a funded company, having raised a total of $4.77M across 2 funding rounds to date. The company's 1st funding round was a Seed of $498.04K, raised on Aug 08, 2018.
How many employees does Circle Internet have?
As of Apr 04, 2024, the latest employee count at Circle Internet is 6.
What is the annual revenue of Circle Internet?
Annual revenue of Circle Internet is $425.02 as on Mar 31, 2023.
What does Circle Internet do?
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.
Who are the top competitors of Circle Internet?
Circle Internet's top competitors include Way2News, Hoopy Services and Knocksense.
Who are Circle Internet's investors?
Circle Internet has 5 investors. Key investors include ShareChat, Venture Highway VC, Rahul Mehta, Elevation Capital, and Elevation Capital.
What is Circle Internet's valuation?
The valuation of Circle Internet is $21.47M as of Mar 2019.
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