FundTQ Drives Cercle X's Seed Round Success with Inflection Point Ventures Leading the Way

GURGAON, India - Dec. 1, 2023 - PRLog -- Tech-Driven Waste Management Pioneer Cercle X Secures Strategic Funding in Successful Seed Round Led by Inflection Point Ventures

Coimbatore, [Date] – Today marks a significant milestone for Cercle X, the Coimbatore-based tech-driven waste management firm, as it proudly announces the successful closure of its seed round. The funding round, led by Inflection Point Ventures (IPV) and facilitated by FundTQ, positions Cercle X for rapid expansion in its mission to revolutionize waste management through circularity and sustainability.

Founded in 2020 by Vishnu Vardhan and Divya Shetty, Cercle X has emerged as a key player in the waste management sector, offering innovative solutions through its cloud-based platform. The platform facilitates brands in achieving zero waste and operates as a B2B Marketplace connecting key players across the waste value chain, fostering transparency, traceability, and access to quality waste.

Cercle X has received acclaim, earning the Outstanding Environmental Changemaker Award 2020 for its commitment to environmental stewardship. With a robust network of 700+ vendors, the company manages over 500 MT of recyclables monthly. Additionally, Cercle X plays a pivotal role in executing Extended Producer Responsibility (EPR) mandates for over 20 large corporates, maintaining direct relationships with more than 50 governmental agencies and Urban Local Bodies (ULBs).

Aanchal Malhotra, Growth Partner at FundTQ, emphasized the importance of sustainable waste management in today's context, expressing confidence in Cercle X's potential for rapid scaling. FundTQ, known for its seamless fund-raising processes, played a crucial role in the success of Cercle X's seed round. Founders praised FundTQ's proprietary valuation software and the Choose Right Investors platform for their efficiency and effectiveness, with user feedback citing the 10-minute valuation software as a game-changer for start-ups.

FundTQ, a leading digital funding assistance platform for institutional investments and mergers and acquisitions, follows a hybrid approach, offering technology-driven products, comprehensive advisory services, and an extensive network to facilitate seamless fund-raising processes. With a track record of successfully facilitating deals for various start-ups and mid-corporates, FundTQ has established itself as a go-to platform for obtaining the right valuation and systematically raising funds.

Cercle X's successful seed round stands as a testament to FundTQ's efficacy, marking another success story in its mission to support and empower innovative ventures.

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