Singapore-headquartered Blue Planet Environmental Solutions Pte Ltd (Blue Planet) has received $10 million from Sysma Holdings Limited, an investment holding company, looking to tap into growing opportunities in the circular economy.
With this investment, Blue Planet will accelerate its efforts to deploy integrated, inclusive and sustainable waste management solutions around the region.
This investment is Sysma’s first in the sustainability sector. It aligns with the company’s vision to integrate sustainability into its operations, build resilience into its business, and capitalise on the growing opportunities in the region.
“With this recent round of investment from Sysma Holdings, we will increase our efforts to add new technological solutions and partners to our portfolio, and continue to scale sustainable waste solutions across Asia,” said Madhujeet Chimni, founder and chairman, Blue Planet.
“We look forward to this partnership with Blue Planet to accelerate and support the development of sustainable solutions for responsible waste management in Asia, especially in Singapore,” said Sin Ee Wuen, Deputy CEO, Sysma Holdings Limited.
Founded in 2017, Blue Planet is a sustainable waste management solutions enterprise with an operational footprint across Singapore, India, Vietnam and the UK.
In March, the waste management firm raised $25 million from the Japanese financial group Nomura.
The company had earlier received an investment from Neev Fund, jointly set up by the State Bank of India and the UK Government’s Department for International Development, in 2018.
In the past two years, Blue Planet has announced a string of partnerships and acquisitions, including Zigma Global Environ Solutions Pvt Ltd (India), Virtus Concrete Solutions Ltd (UK), Rudra Environmental Solutions (India), Yasasu Environmental Management Services (India), Xeon Waste Managers LLP (India), Globecycle Holding Sdn Bhd (Malaysia), and Smart Creative Technologies Ltd (UK).