Private Equity

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Proptech firm Crib acquires rent-financing co. CirclePe

Economic Times  

Bengaluru-based property management platform Crib, which deals with co-living spaces, has acquired Gurugram-based rent financing company CirclePe.Crib provides a digital platform for co-living spaces, hostels, and PGs, managing functions such as inventory, rental agreements, onboarding, and collections for over 2,500 operators. This transaction integrates embedded finance directly into the rental lifecycle, allowing tenants to secure housing without traditional upfront security deposits.The acquisition enables operators on the Crib platform to receive rent and deposit payments upfront, while tenants gain the flexibility to pay in smaller monthly instalments. CirclePe facilitates this by partnering with NBFCs to finance the deposit or rental commitments.

In March 2026, CirclePe had attracted about USD 1 million from OTP Ventures, iSeed, Z Nation Lab, Lead Invest, and others.