CirclePe has raised close to $1 million in a pre-seed funding round led by former BharatPe executives who founded OTP Ventures, with participation from 1947 Rise, iSeed, IIT Delhi, and Venture Catalysts. The startup's 'Smart Renting' solution allows credit-worthy tenants to opt for a zero security-deposit move-in, enjoying the luxury of paying only their monthly rent without any extra charges.