Circolife Bags USD 4.5 Mn in pre-Series A Round
Launched in 2023, the Mumbai-based Circolife provides high-efficiency air conditioning units to businesses on a monthly subscription model.
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Circolife, a Cooling-as-a-Service (CaaS) platform for businesses, today announced it has raised USD 4.5 million (INR 40.45 crore) in a pre-Series A round, anchored by early-stage investor and mentor Bharat Jaisinghani, Joint Managing Director of Polycab India Limited.
The round also drew participation from a group of individual, fund, and family-office investors: Nitish Mittersain (Founder, Nazara Technologies); Intelliquity Ventures (Mukul Agarwal, Param Capital); Sumit Jalan (MD of a global investment bank); Siddharth Ladsariya (Founder, Everest Fleet) and Anand Ladsariya (MD, Everest Flavours); Anant Goenka (ED, Indian Express); Sky Impact Capital (Aakash Sachdev); Rohit Dev (Founder, Ideas91); and family offices S N Damani and Vyom Wealth (Ramesh Jaisinghani Family Office).
Launched in 2023, the Mumbai-based Circolife provides high-efficiency air conditioning units to businesses on a monthly subscription model.
Speaking about this fund raise, Abhishek Murarka, Co-Founder & CEO, Circolife, said “Five cities and 10,000 subscriptions have shown us this model works. This raise is what lets us actually start building at national scale — the fleet, the field service, the technology — and make Cooling-as-a-Service India’s default way to buy cooling, not an alternative to it.”
Nitish Mittersain, Founder, Nazara Technologies, adds: “I’m drawn to businesses where every customer and every transaction makes the platform smarter. That creates a powerful compounding advantage. Circolife may look like an AC subscription business on the surface, but underneath it is building a data and intelligence layer that can make the entire fleet more efficient with scale.”
Circolife, a Cooling-as-a-Service (CaaS) platform for businesses, today announced it has raised USD 4.5 million (INR 40.45 crore) in a pre-Series A round, anchored by early-stage investor and mentor Bharat Jaisinghani, Joint Managing Director of Polycab India Limited.
The round also drew participation from a group of individual, fund, and family-office investors: Nitish Mittersain (Founder, Nazara Technologies); Intelliquity Ventures (Mukul Agarwal, Param Capital); Sumit Jalan (MD of a global investment bank); Siddharth Ladsariya (Founder, Everest Fleet) and Anand Ladsariya (MD, Everest Flavours); Anant Goenka (ED, Indian Express); Sky Impact Capital (Aakash Sachdev); Rohit Dev (Founder, Ideas91); and family offices S N Damani and Vyom Wealth (Ramesh Jaisinghani Family Office).
Launched in 2023, the Mumbai-based Circolife provides high-efficiency air conditioning units to businesses on a monthly subscription model.
Speaking about this fund raise, Abhishek Murarka, Co-Founder & CEO, Circolife, said “Five cities and 10,000 subscriptions have shown us this model works. This raise is what lets us actually start building at national scale — the fleet, the field service, the technology — and make Cooling-as-a-Service India’s default way to buy cooling, not an alternative to it.”
Nitish Mittersain, Founder, Nazara Technologies, adds: “I’m drawn to businesses where every customer and every transaction makes the platform smarter. That creates a powerful compounding advantage. Circolife may look like an AC subscription business on the surface, but underneath it is building a data and intelligence layer that can make the entire fleet more efficient with scale.”
