SG’s Blue Planet receives $10m from Sysma Holdings

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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).

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.