Sirclo Targets Making Profits Amid Winter Startup Funding

By Editorial Team 03/11/2022
Sirclo
Summary

E-commerce enabler startup Sirclo reportedly closed its Series C funding round. A DealStreetAsia source stated that Sirclo raised around US$30 million from the latest funding round. Brian Marshal, Founder & CEO of Sirclo, declined to comment but noted that the closing of the Series C funding would take place next month.

"We are targeting to make a profit in the next 12 months and have the option to do funding now rather than waiting for the market to improve next year," Brian said Wednesday.

Sirclo will use the latest funding to strengthen the company's balance sheet and fundamentals. Mergers and acquisitions (M&A) will not be Sirclo's expansion options in the short term.

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