Nexus Venture Partners backs Indian resale startup Circle
Circle said it had facilitated about 250 million rupees (US$2.63 million) in sales since its 2025 launch.
25 stories
Circle said it had facilitated about 250 million rupees (US$2.63 million) in sales since its 2025 launch.
The company said it will use the funding for product development, more deployments, and a planned US expansion.
Vimag is initially focusing on mid-power systems, with systems rated at 570 kW and above planned as customer programs mature.
Zenyum became part of the group earlier in 2026 after MakeO agreed to acquire it.
Founders Future and Neotribe Ventures joined as new investors, while Y Combinator and f7 Ventures also participated.
The SoftBank-backed company said its platform processed 400 million daily transactions.
DailyObjects said the deal values the company at 10.5 billion rupees (US$109 million).
The company said the developer preview is available on GitHub for Linux, macOS, and Windows.
The company said the funding will support brand growth, research and development, and hiring.
The company said it will use the funding to develop its product and AI tools, and expand borrower support across India.
The startup said interoperability and reliability remain challenges in India’s charging market.
LTM said it would set up a Gemini Enterprise Center of Excellence, strengthen specialist talent and delivery capabilities.
ByteXL said 7,600 graduates were placed in information technology and engineering roles last year.
The company said about 60,000 Spandan devices have been deployed in India.
Myca said its AI software turns field updates from messages, calls, and photos into structured workflows for agribusiness operations.
TravClan previously raised US$4.7 million to help travel agents digitise operations.
Nykaa added 14 stores in the quarter, taking its total to 338.
The fund aims to back at least 25 Andhra Pradesh deep tech ventures by 2030.
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