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Culture Circle raised pre-seed funding from IIMA Ventures to expand into more categories and key international markets.

May 02, 2024over 1 year ago

Round Type

seed

GurugramLifestyleRetailFashionE Commerce

Investors

Iima Ventures

Description

Culture Circle has secured an undisclosed amount in pre-seed funding from IIMA Ventures (formerly IIMA-CIIE). The fresh capital will be used to expand into more categories, such as luxury fashion, watches, designer handbags, and collectibles, as well as to expand its offline presence with experience centers in Delhi, Hyderabad, and Mumbai, and launch its platform in key international markets like the UAE, Singapore, and Thailand.

Company Information

Company

Culture Circle

Location

Gurugram, Haryana, India

About

Culture Circle is a luxury and hype platform that aims to create a community where individuals passionate about premium brands can connect, discover, and buy exclusive pieces seamlessly at the guaranteed best prices in India without worrying about authenticity.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers